People Incorporated Common Stock (NASDAQ:PPLI) Stock Has Average Price Target of $56.08

People Incorporated Common Stock (NASDAQ:PPLI) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $56.08.

PPLI has been the topic of a number of research analyst reports. UBS Group lifted their target price on People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a “neutral” 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. Benchmark upped their price target on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Zacks Research lowered shares of People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Truist Financial raised their price objective on shares of People Incorporated Common Stock from $50.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th.

People Incorporated Common Stock Stock Performance

Shares of NASDAQ PPLI opened at $39.32 on Wednesday. People Incorporated Common Stock has a 1 year low of $29.56 and a 1 year high of $48.32. The firm has a market cap of $2.70 billion, a P/E ratio of 8.78 and a beta of 1.04. The stock has a fifty day moving average price of $39.13 and a two-hundred day moving average price of $41.70. 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 (NASDAQ:PPLI) last posted its quarterly earnings data on Monday, August 3rd. The company reported $6.68 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $7.08. The company had revenue of $436.74 million for the quarter, compared to the consensus estimate of $433.77 million. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.57 EPS. Research analysts forecast that People Incorporated Common Stock will post 6.97 EPS for the current fiscal year.

Institutional Trading of People Incorporated Common Stock

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aristeia Capital L.L.C. raised its position in shares of People Incorporated Common Stock by 100.7% during 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. Corvex Management LP lifted its holdings in shares of People Incorporated Common Stock by 20.3% during the fourth quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock valued at $131,183,000 after purchasing an additional 566,696 shares during the last quarter. Empyrean Capital Partners LP boosted its position in shares of People Incorporated Common Stock by 21.1% in the 1st quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock valued at $32,825,000 after purchasing an additional 143,000 shares during the period. Royal Bank of Canada boosted its holdings in shares of People Incorporated Common Stock by 5.9% in the first quarter. Royal Bank of Canada now owns 458,414 shares of the company’s stock worth $18,350,000 after buying an additional 25,423 shares during the period. Finally, ACR Alpine Capital Research LLC boosted its stake in People Incorporated Common Stock by 4.6% in the 1st quarter. ACR Alpine Capital Research LLC now owns 450,788 shares of the company’s stock worth $18,045,000 after purchasing an additional 19,801 shares during the period. 88.90% of the stock is currently owned by institutional investors.

About People Incorporated Common Stock

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.