People Incorporated Common Stock (NASDAQ:PPLI) Stock Gets Price Target Cut from Citizens Jmp

People Incorporated Common Stock (NASDAQ:PPLI) had its price objective dropped by investment analysts at Citizens Jmp from $54.00 to $47.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp‘s target price suggests a potential upside of 22.08% from the stock’s previous close.

A number of other brokerages have also recently issued reports on PPLI. KeyCorp dropped their price objective on shares of People Incorporated Common Stock from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen reiterated a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, August 4th. Wall Street Zen raised shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research cut shares of People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, UBS Group increased their price target on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

People Incorporated Common Stock Price Performance

Shares of NASDAQ:PPLI opened at $38.50 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 capitalization of $2.64 billion, a PE ratio of -8.75 and a beta of 1.00. The business’s 50 day moving average is $38.79 and its 200-day moving average is $40.43. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27.

People Incorporated Common Stock (NASDAQ:PPLI) last released 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 negative net margin of 17.01% and a positive return on equity of 13.03%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Sell-side analysts predict that People Incorporated Common Stock will post 6.97 earnings per share for the current year.

Institutional Trading of People Incorporated Common Stock

Large investors have recently bought and sold shares of the stock. Nilsine Partners LLC bought a new position in shares of People Incorporated Common Stock in the second quarter valued at approximately $1,492,000. Syon Capital LLC bought a new stake in People Incorporated Common Stock during the 2nd quarter worth about $238,000. Essential Partners LLC boosted its stake in shares of People Incorporated Common Stock by 177.1% in the 1st quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 1,027 shares during the last quarter. Amundi grew its position in shares of People Incorporated Common Stock by 397.4% during the 1st quarter. Amundi now owns 152,304 shares of the company’s stock worth $6,097,000 after buying an additional 121,681 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of People Incorporated Common Stock by 242.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock worth $64,000 after buying an additional 1,138 shares during the period. 88.90% of the stock is currently owned by 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.