People Incorporated Common Stock (NASDAQ:PPLI) Stock Has Consensus Target Price of $53.08

People Incorporated Common Stock (NASDAQ:PPLI) has been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $53.08.

A number of research firms recently issued reports on PPLI. Citigroup reduced their target price on People Incorporated Common Stock from $52.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, November 4th. JPMorgan Chase & Co. started coverage on People Incorporated Common Stock in a report on Friday, September 11th. They set an “overweight” rating and a $54.00 target price on the stock. TD Cowen dropped their price target on People Incorporated Common Stock from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Weiss Ratings cut People Incorporated Common Stock from a “sell (d+)” rating to a “sell (d-)” rating in a report on Wednesday, November 4th. Finally, The Goldman Sachs Group cut their price target on People Incorporated Common Stock from $63.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday, November 4th.

People Incorporated Common Stock Price Performance

PPLI traded up $0.21 during midday trading on Friday, reaching $43.76. 1,130,146 shares of the company’s stock were exchanged, compared to its average volume of 1,180,600. People Incorporated Common Stock has a 1-year low of $31.42 and a 1-year high of $48.32. The stock has a market capitalization of $3.03 billion, a PE ratio of -9.95 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.01 and a quick ratio of 4.01. The business’s 50-day moving average price is $39.42 and its 200 day moving average price is $40.56.

People Incorporated Common Stock (NASDAQ:PPLI) last released its quarterly earnings results on Tuesday, November 10th. The company reported ($9.15) 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 13.30%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities analysts anticipate that People Incorporated Common Stock will post -1.99 EPS for the current fiscal year.

Institutional Trading of People Incorporated Common Stock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its stake in People Incorporated Common Stock by 53.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 442,189 shares of the company’s stock valued at $18,554,000 after purchasing an additional 153,311 shares during the last quarter. Fulcrum Asset Management LLP boosted its stake in shares of 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 last quarter. Nilsine Partners LLC acquired a new stake in shares of People Incorporated Common Stock during the 2nd quarter worth about $1,492,000. Syon Capital LLC purchased a new stake in shares of People Incorporated Common Stock during the second quarter worth about $238,000. Finally, Essential Partners LLC grew its holdings in shares of 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 buying an additional 1,027 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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.