People Incorporated Common Stock (NASDAQ:PPLI) Price Target Raised to $54.00

People Incorporated Common Stock (NASDAQ:PPLIFree Report) had its price objective hoisted by Citizens Jmp from $47.00 to $54.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other equities analysts have also issued reports on the stock. Truist Financial raised their target price on shares of People Incorporated Common Stock from $50.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group downgraded shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price target on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Piper Sandler set a $52.00 price objective on shares of People Incorporated Common Stock in a research note on Thursday, May 7th. Finally, Wall Street Zen raised shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.62.

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People Incorporated Common Stock Stock Down 3.2%

Shares of NASDAQ PPLI opened at $41.58 on Wednesday. The business has a 50-day moving average price of $43.82 and a 200 day moving average price of $41.10. The stock has a market cap of $2.86 billion, a PE ratio of 9.28 and a beta of 1.04. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.27. People Incorporated Common Stock has a 52-week low of $29.56 and a 52-week high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLIGet Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $6.68 EPS for the quarter, topping the consensus estimate of ($0.40) by $7.08. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%.The company had revenue of $436.74 million for the quarter, compared to analyst estimates of $433.77 million. During the same quarter in the previous year, the company posted $2.57 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts forecast that People Incorporated Common Stock will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On People Incorporated Common Stock

Several institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of People Incorporated Common Stock by 61.3% in the 1st quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after acquiring an additional 233 shares during the period. Hantz Financial Services Inc. increased its stake in People Incorporated Common Stock by 173.4% in the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after purchasing an additional 496 shares in the last quarter. Advisory Services Network LLC acquired a new position in People Incorporated Common Stock during the third quarter worth $38,000. Quarry LP acquired a new position in People Incorporated Common Stock during the fourth quarter worth $59,000. Finally, Essential Partners LLC boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

About People Incorporated Common Stock

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IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.

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Analyst Recommendations for People Incorporated Common Stock (NASDAQ:PPLI)

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