People Incorporated Common Stock (NASDAQ:PPLI) Research Coverage Started at Citizens Jmp

Citizens Jmp began coverage on shares of People Incorporated Common Stock (NASDAQ:PPLI) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a market outperform rating and a $47.00 price target on the stock.

A number of other research firms have also issued reports on PPLI. Wall Street Zen upgraded shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. TD Cowen reissued a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, August 4th. Weiss Ratings downgraded shares of People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Truist Financial upped their target price on shares of 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, Zacks Research lowered shares of People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, People Incorporated Common Stock has a consensus rating of “Moderate Buy” and an average price target of $53.08.

People Incorporated Common Stock Stock Up 2.6%

Shares of PPLI stock traded up $1.07 during trading hours on Wednesday, reaching $42.08. The company 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 P/E ratio of -9.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.69 and a current ratio of 3.69. People Incorporated Common Stock has a twelve month low of $31.42 and a twelve month high of $48.32. The stock’s fifty day simple moving average is $38.93 and its 200 day simple moving average is $40.46.

People Incorporated Common Stock (NASDAQ:PPLI) last released its quarterly earnings results on Tuesday, November 10th. The company reported ($9.15) EPS for the quarter, missing the consensus estimate 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 firm’s revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts expect that People Incorporated Common Stock will post -1.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On People Incorporated Common Stock

Hedge funds have recently bought and sold shares of the business. Nilsine Partners LLC acquired a new position in shares of People Incorporated Common Stock in the 2nd quarter valued at approximately $1,492,000. Royal Bank of Canada boosted its stake in shares of People Incorporated Common Stock by 5.9% during the 1st quarter. Royal Bank of Canada now owns 458,414 shares of the company’s stock valued at $18,350,000 after buying an additional 25,423 shares during the last quarter. Empyrean Capital Partners LP boosted its stake in shares of People Incorporated Common Stock by 21.1% during the 1st quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock valued at $32,825,000 after buying an additional 143,000 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of People Incorporated Common Stock by 17,176.1% during the 1st quarter. Fifth Third Bancorp now owns 31,097 shares of the company’s stock valued at $1,245,000 after buying an additional 30,917 shares during the last quarter. Finally, Whitebox Advisors LLC grew its position in shares of People Incorporated Common Stock by 71.8% during the first quarter. Whitebox Advisors LLC now owns 217,383 shares of the company’s stock worth $8,702,000 after buying an additional 90,819 shares in the last quarter. Institutional investors and hedge funds 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.