People Incorporated Common Stock (NASDAQ:PPLI) Cut to “Hold” at Zacks Research

Zacks Research cut shares of People Incorporated Common Stock (NASDAQ:PPLI) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks reports.

Several other research firms also recently weighed in on PPLI. JPMorgan Chase & Co. started coverage on shares of People Incorporated Common Stock in a research note on Friday, September 11th. They issued an “overweight” rating and a $54.00 price target for the company. UBS Group raised their price objective on People Incorporated Common Stock from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 24th. Truist Financial boosted their target price on People Incorporated Common Stock from $50.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Citigroup increased their target price on People Incorporated Common Stock from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday, August 17th. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.08.

People Incorporated Common Stock Stock Down 1.7%

Shares of NASDAQ PPLI opened at $40.59 on Monday. The stock has a market capitalization of $2.79 billion, a P/E ratio of 9.06 and a beta of 1.04. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $48.32. The firm’s 50 day simple moving average is $39.53 and its two-hundred day simple moving average is $41.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.69 and a quick ratio of 3.69.

People Incorporated Common Stock (NASDAQ:PPLI) last announced its quarterly earnings data on Monday, August 3rd. The company reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $7.08. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. The firm had revenue of $436.74 million during the quarter, compared to analyst estimates of $433.77 million. During the same period in the previous year, the business posted $2.57 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, analysts expect that People Incorporated Common Stock will post 6.97 EPS for the current fiscal year.

Hedge Funds Weigh In On People Incorporated Common Stock

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of People Incorporated Common Stock by 61.3% during the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after purchasing an additional 233 shares during the period. Essential Partners LLC raised its position in 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 purchasing an additional 1,027 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in People Incorporated Common Stock by 242.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 1,138 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in People Incorporated Common Stock by 251.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company’s stock worth $76,000 after buying an additional 1,386 shares during the period. Finally, Syon Capital LLC purchased a new stake in People Incorporated Common Stock in the 2nd quarter worth approximately $238,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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.