People Incorporated Common Stock (NASDAQ:PPLI) Issues Quarterly Earnings Results

People Incorporated Common Stock (NASDAQ:PPLI) released its quarterly earnings data on Monday. The company reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $7.08, FiscalAI reports. People Incorporated Common Stock had a net margin of 1.82% and a return on equity of 2.29%. The company had revenue of $436.74 million for the quarter, compared to analysts’ expectations of $433.77 million.

People Incorporated Common Stock Stock Performance

NASDAQ PPLI traded up $0.49 on Monday, reaching $42.06. The stock had a trading volume of 1,556,444 shares, compared to its average volume of 1,085,265. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69. People Incorporated Common Stock has a 12-month low of $29.56 and a 12-month high of $48.32. The business’s 50-day moving average price is $43.85 and its 200 day moving average price is $40.99. The stock has a market cap of $2.89 billion, a P/E ratio of 113.68 and a beta of 1.04.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PPLI shares. KeyCorp upped their target price on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group boosted their price target on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. TD Cowen boosted their price target on shares of People Incorporated Common Stock from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Benchmark restated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, People Incorporated Common Stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.62.

Hedge Funds Weigh In On People Incorporated Common Stock

A number of hedge funds have recently modified their holdings of PPLI. Advisory Services Network LLC purchased a new stake in People Incorporated Common Stock in the 3rd quarter valued at $38,000. Quarry LP acquired a new stake in People Incorporated Common Stock during the 4th quarter worth $59,000. Kestra Advisory Services LLC purchased a new position in People Incorporated Common Stock during the 4th quarter worth $80,000. iSAM Funds UK Ltd purchased a new position in People Incorporated Common Stock during the 3rd quarter worth $113,000. Finally, Geneos Wealth Management Inc. increased its stake in People Incorporated Common Stock by 96.2% in the second quarter. Geneos Wealth Management Inc. now owns 3,060 shares of the company’s stock valued at $114,000 after purchasing an additional 1,500 shares during the period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

People Incorporated Common Stock Company Profile

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.