People Incorporated Common Stock (NASDAQ:PPLI) Given “Overweight” Rating at JPMorgan Chase & Co.

People Incorporated Common Stock (NASDAQ:PPLI)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a report released on Friday, Benzinga reports. They presently have a $54.00 target price on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 43.85% from the company’s previous close.

PPLI has been the topic of several other research reports. Citizens Jmp raised their price target on People Incorporated Common Stock from $47.00 to $54.00 and gave the company a “market outperform” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Zacks Research upgraded shares of People Incorporated Common Stock from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. TD Cowen reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, August 4th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, People Incorporated Common Stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.08.

People Incorporated Common Stock Stock Performance

Shares of NASDAQ PPLI opened at $37.54 on Friday. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $48.32. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $41.80 and a 200 day simple moving average of $41.47. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 8.38 and a beta of 1.03.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted 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 buying an additional 233 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of People Incorporated Common Stock by 173.4% in the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after buying an additional 496 shares in the last quarter. Advisory Services Network LLC acquired a new position in People Incorporated Common Stock in the 3rd quarter valued at $38,000. Quarry LP bought a new stake in People Incorporated Common Stock during the fourth quarter worth about $59,000. Finally, Essential Partners LLC lifted its holdings 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 worth $64,000 after acquiring an additional 1,027 shares during the period. 88.90% of the stock is currently owned by 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.