Shares of People Incorporated Common Stock (NASDAQ:PPLI – Get Free Report) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $55.9231.
Several research analysts have issued reports on PPLI shares. Citizens Jmp upped their price target on People Incorporated Common Stock from $47.00 to $54.00 and gave the company a “market outperform” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price objective on People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Benchmark lifted their target price on People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. TD Cowen reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group downgraded People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a report on Wednesday, May 6th.
Check Out Our Latest Stock Report on People Incorporated Common Stock
People Incorporated Common Stock Trading Down 0.5%
People Incorporated Common Stock (NASDAQ:PPLI – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $6.68 earnings per share for the quarter, beating the consensus estimate of ($0.40) by $7.08. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. The company had revenue of $436.74 million during the quarter, compared to analyst estimates of $433.77 million. During the same quarter last year, the firm posted $2.57 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts expect 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 made changes to their positions in PPLI. Parallel Advisors LLC grew its stake in shares of People Incorporated Common Stock by 61.3% during the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $25,000 after purchasing an additional 233 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in shares of People Incorporated Common Stock by 3.5% in the fourth quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock valued at $356,000 after purchasing an additional 309 shares in the last quarter. Bleakley Financial Group LLC raised its position in People Incorporated Common Stock by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock worth $1,385,000 after purchasing an additional 404 shares during the last quarter. Franklin Resources Inc. raised its position in People Incorporated Common Stock by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock worth $252,000 after purchasing an additional 471 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in People Incorporated Common Stock by 173.4% during the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after buying an additional 496 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.
People Incorporated Common Stock Company Profile
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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