People Incorporated Common Stock (NASDAQ:PPLI) Upgraded at Zacks Research

Zacks Research upgraded shares of People Incorporated Common Stock (NASDAQ:PPLI) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks reports.

Other equities research analysts also recently issued reports about the stock. UBS Group decreased their price objective on shares of People Incorporated Common Stock from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday. The Goldman Sachs Group cut their target price on shares of People Incorporated Common Stock from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday. Wall Street Zen upgraded shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. KeyCorp decreased their price target on shares of People Incorporated Common Stock from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Citizens Jmp initiated coverage on People Incorporated Common Stock in a report on Wednesday. They set a “market outperform” rating and a $47.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.08.

People Incorporated Common Stock Trading Up 2.6%

Shares of NASDAQ PPLI traded up $1.07 during midday trading on Wednesday, hitting $42.08. The stock had a trading volume of 1,101,026 shares, compared to its average volume of 903,083. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -9.56 and a beta of 1.00. People Incorporated Common Stock has a 1-year low of $31.42 and a 1-year high of $48.32. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average price of $38.93 and a 200 day moving average price of $40.46.

People Incorporated Common Stock (NASDAQ:PPLI) last posted its earnings results on Tuesday, November 10th. The company reported ($9.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($8.92). People Incorporated Common Stock had a positive return on equity of 13.03% and a negative net margin of 17.01%. The business’s revenue was down 3.6% compared to the same quarter last year. On average, analysts predict that People Incorporated Common Stock will post -1.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its position in shares of People Incorporated Common Stock by 53.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 442,189 shares of the company’s stock valued at $18,554,000 after acquiring an additional 153,311 shares in the last quarter. Fulcrum Asset Management LLP lifted its position in shares of People Incorporated Common Stock by 1,746.9% in the 3rd quarter. Fulcrum Asset Management LLP now owns 15,255 shares of the company’s stock worth $621,000 after buying an additional 14,429 shares during the last quarter. Nilsine Partners LLC acquired a new position in shares of People Incorporated Common Stock in the 2nd quarter valued at about $1,492,000. Syon Capital LLC acquired a new position in shares of People Incorporated Common Stock in the 2nd quarter valued at about $238,000. Finally, Essential Partners LLC grew its position in shares of People Incorporated Common Stock by 177.1% during the 1st quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock valued at $64,000 after buying an additional 1,027 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors.

People Incorporated Common Stock Company Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands.