KeyCorp Issues Pessimistic Forecast for People Incorporated Common Stock (NASDAQ:PPLI) Stock Price

People Incorporated Common Stock (NASDAQ:PPLI) had its price target lowered by research analysts at KeyCorp from $50.00 to $44.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp‘s price objective suggests a potential upside of 14.29% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Citizens Jmp upped their target price on People Incorporated Common Stock from $47.00 to $54.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 5th. TD Cowen reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday, August 4th. Citigroup lifted their price target on People Incorporated Common Stock from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, August 17th. JPMorgan Chase & Co. initiated coverage on People Incorporated Common Stock in a report on Friday, September 11th. They set an “overweight” rating and a $54.00 price objective for the company. Finally, Zacks Research lowered People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, People Incorporated Common Stock has an average rating of “Moderate Buy” and an average price target of $55.54.

People Incorporated Common Stock Trading Up 4.4%

People Incorporated Common Stock stock opened at $38.50 on Wednesday. The stock has a market cap of $2.64 billion, a P/E ratio of 4.41 and a beta of 1.00. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $48.32. The firm’s fifty day moving average price is $38.79 and its 200-day moving average price is $40.43. 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 issued its quarterly earnings data on Tuesday, November 10th. The company reported ($9.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. People Incorporated Common Stock’s quarterly revenue was down 3.6% on a year-over-year basis. Equities research analysts forecast that People Incorporated Common Stock will post 6.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PPLI. Nilsine Partners LLC bought a new position in People Incorporated Common Stock in the second quarter valued at $1,492,000. Syon Capital LLC purchased a new stake in People Incorporated Common Stock during the second quarter valued at about $238,000. Essential Partners LLC lifted its stake in People Incorporated Common Stock by 177.1% during the first quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 1,027 shares during the last quarter. Amundi lifted its stake in People Incorporated Common Stock by 397.4% during the first quarter. Amundi now owns 152,304 shares of the company’s stock worth $6,097,000 after purchasing an additional 121,681 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in People Incorporated Common Stock by 242.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 1,138 shares during the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

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.