People Incorporated Common Stock (NASDAQ:PPLI) Price Target Cut to $60.00 by Analysts at TD Cowen

People Incorporated Common Stock (NASDAQ:PPLI) had its price target reduced by TD Cowen from $70.00 to $60.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen‘s target price would suggest a potential upside of 46.74% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. Benchmark lifted their target price on People Incorporated Common Stock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. UBS Group upped their price target on People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded People Incorporated Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. KeyCorp reduced their price objective on People Incorporated Common Stock from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on People Incorporated Common Stock in a report on Friday, September 11th. They set an “overweight” rating and a $54.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.31.

People Incorporated Common Stock Trading Up 6.2%

Shares of PPLI traded up $2.39 during mid-day trading on Wednesday, reaching $40.89. The company had a trading volume of 1,540,225 shares, compared to its average volume of 1,103,834. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -9.29 and a beta of 1.00. The firm has a fifty day simple moving average of $38.79 and a 200-day simple moving average of $40.43. People Incorporated Common Stock has a fifty-two week low of $31.42 and a fifty-two week 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.

People Incorporated Common Stock (NASDAQ:PPLI) last announced its quarterly earnings data on Tuesday, November 10th. The company reported ($9.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business’s quarterly revenue was down 3.6% compared to the same quarter last year. 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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fulcrum Asset Management LLP boosted its position in People Incorporated Common Stock by 1,746.9% during the 3rd quarter. Fulcrum Asset Management LLP now owns 15,255 shares of the company’s stock worth $621,000 after purchasing an additional 14,429 shares during the period. Nilsine Partners LLC acquired a new position in shares of People Incorporated Common Stock during the second quarter worth about $1,492,000. Syon Capital LLC acquired a new position in shares of People Incorporated Common Stock during the second quarter worth about $238,000. Essential Partners LLC boosted its position in shares of People Incorporated Common Stock by 177.1% in the first quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock worth $64,000 after buying an additional 1,027 shares during the period. Finally, Amundi boosted its position in shares of People Incorporated Common Stock by 397.4% in the first 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. Institutional investors and hedge funds own 88.90% of the company’s stock.

Trending Headlines about People Incorporated Common Stock

Here are the key news stories impacting People Incorporated Common Stock this week:

• Positive Sentiment: Goldman Sachs, Truist, Citizens JMP and KeyCorp all maintained favorable ratings—buy, buy, market outperform and overweight, respectively. Their revised targets still imply potential upside from the roughly $41 share price. Goldman Sachs rating
• Neutral Sentiment: A news report says PPLI’s stock rose despite a deep Q3 earnings loss, suggesting the reported loss has not prevented the shares from advancing. The headline does not identify a specific reason for the move. People stock price rises despite Q3 loss
• Negative Sentiment: All four firms lowered their price targets: Goldman Sachs to $56 from $63, Truist to $59 from $62, Citizens JMP to $47 from $54, and KeyCorp to $44 from $50. The cuts signal more cautious valuation expectations, despite the firms retaining favorable ratings.
• Negative Sentiment: Third-quarter results are reported inconsistently. MarketBeat cites a $9.15-per-share loss versus expectations for a $0.23 loss and revenue down 3.6% year over year; Zacks instead reports earnings of $2.63 per share, beating estimates. The conflicting figures make the earnings signal unclear. Zacks Q3 earnings report

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.