Brokerages Set People Incorporated Common Stock (NASDAQ:PPLI) PT at $55.92

People Incorporated Common Stock (NASDAQ:PPLI) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $55.9231.

PPLI has been the subject of several recent analyst reports. TD Cowen restated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, August 4th. Wall Street Zen upgraded People Incorporated Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Benchmark boosted their target price on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Zacks Research raised shares of People Incorporated Common Stock from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Piper Sandler set a $52.00 price target on shares of People Incorporated Common Stock in a research report on Thursday, May 7th.

People Incorporated Common Stock Stock Performance

Shares of People Incorporated Common Stock stock opened at $38.28 on Tuesday. The stock has a market cap of $2.63 billion, a PE ratio of 8.54 and a beta of 1.04. The business has a fifty day simple moving average of $42.78 and a 200-day simple moving average of $41.30. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.27. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI) last released its earnings results on Monday, August 3rd. The company reported $6.68 earnings per share for the quarter, beating the consensus estimate of ($0.40) by $7.08. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%.The company had revenue of $436.74 million for the quarter, compared to analysts’ expectations of $433.77 million. During the same quarter in the previous year, the business posted $2.57 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that People Incorporated Common Stock will post 6.97 EPS for the current fiscal year.

Hedge Funds Weigh In On People Incorporated Common Stock

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of People Incorporated Common Stock by 42,721.4% during the 4th quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock worth $122,309,000 after purchasing an additional 3,120,799 shares in the last quarter. Aristeia Capital L.L.C. lifted its position in People Incorporated Common Stock by 100.7% in the fourth quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock worth $222,966,000 after purchasing an additional 2,861,871 shares during the period. Boston Partners acquired a new stake in People Incorporated Common Stock during the fourth quarter worth $29,114,000. Empyrean Capital Partners LP bought a new stake in People Incorporated Common Stock in the 4th quarter valued at $26,471,000. Finally, Corvex Management LP increased its holdings in People Incorporated Common Stock by 20.3% in the 4th quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock valued at $131,183,000 after buying an additional 566,696 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.