People Incorporated Common Stock (NASDAQ:PPLI) Rating Lowered to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded People Incorporated Common Stock from “strong buy” to “hold.” Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $56.08.
• Shares opened at $41.29, below the consensus price target, and have traded between $29.56 and $48.32 over the past year. The stock has a market capitalization of approximately $2.84 billion.
• The company reported quarterly revenue of $436.74 million, slightly above estimates, while revenue declined 1.5% year over year. Institutional investors hold approximately 88.9% of the company’s outstanding shares.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings cut People Incorporated Common Stock from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, September 24th. Benchmark upped their price target 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 restated a "buy" rating on shares of People Incorporated Common Stock in a research note on Tuesday, August 4th. Citigroup increased their price target on shares of People Incorporated Common Stock from $48.00 to $52.00 and gave the company a "buy" rating in a report on Monday, August 17th. Finally, Wall Street Zen upgraded shares of People Incorporated Common Stock from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $56.08.

People Incorporated Common Stock Price Performance

Shares of People Incorporated Common Stock stock opened at $41.29 on Monday. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $48.32. The firm has a fifty day simple moving average of $39.56 and a 200-day simple moving average of $41.63. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 9.22 and a beta of 1.04.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) last announced its 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 net margin of 16.05% and a return on equity of 8.48%. The firm had revenue of $436.74 million for the quarter, compared to the consensus estimate of $433.77 million. During the same quarter last year, the firm posted $2.57 EPS. The business's quarterly revenue 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 year.

Institutional Investors Weigh In On People Incorporated Common Stock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PPLI. Parallel Advisors LLC lifted its position 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 worth $25,000 after purchasing an additional 233 shares in the last quarter. Essential Partners LLC lifted its holdings in People Incorporated Common Stock by 177.1% during the 1st 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. EverSource Wealth Advisors LLC boosted its position in People Incorporated Common Stock by 242.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company's stock valued at $64,000 after buying an additional 1,138 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in People Incorporated Common Stock by 251.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company's stock valued at $76,000 after buying an additional 1,386 shares during the last quarter. Finally, Syon Capital LLC acquired a new stake in shares of People Incorporated Common Stock in the 2nd quarter valued at $238,000. Institutional investors and hedge funds own 88.90% of the company's stock.

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.

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