People Incorporated Common Stock (NASDAQ:PPLI) Stock Bumped Up to Strong-Buy by Zacks Research

Key Points

• Zacks Research upgraded PPLI from “hold” to “strong buy.” Analysts overall rate the stock “Moderate Buy,” with a consensus price target of $53.08.
• Several firms lowered price targets, including Goldman Sachs ($63 to $56) and Citigroup ($52 to $47), while keeping buy ratings; Weiss Ratings downgraded the stock to sell.
• PPLI reported quarterly EPS of -$9.15, missing the -$0.23 consensus estimate, and revenue fell 3.6% year over year.

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

PPLI has been the topic of a number of other research reports. The Goldman Sachs Group lowered their target price on People Incorporated Common Stock from $63.00 to $56.00 and set a "buy" rating on the stock in a research report on Wednesday. Weiss Ratings cut People Incorporated Common Stock from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 23rd. Citigroup reduced their price target on People Incorporated Common Stock from $52.00 to $47.00 and set a "buy" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. started coverage on People Incorporated Common Stock in a research note on Friday, September 11th. They issued an "overweight" rating and a $54.00 price target for the company. Finally, Citizens Jmp assumed coverage on People Incorporated Common Stock in a research report on Wednesday. They set a "market outperform" rating and a $47.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.08.

People Incorporated Common Stock Stock Performance

Shares of PPLI opened at $41.01 on Wednesday. People Incorporated Common Stock has a 12 month low of $31.42 and a 12 month high of $48.32. The firm has a fifty day simple moving average of $38.87 and a 200 day simple moving average of $40.44. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 5.02 and a beta of 1.00. The company has a current ratio of 4.01, a quick ratio of 3.69 and a debt-to-equity ratio of 0.31.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) last issued its quarterly earnings results 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 13.30%. The business's revenue was down 3.6% on a year-over-year basis. Research analysts forecast that People Incorporated Common Stock will post 6.97 EPS for the current fiscal year.

Institutional Investors Weigh In On People Incorporated Common Stock

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fulcrum Asset Management LLP increased its holdings 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 acquiring an additional 14,429 shares during the last quarter. Nilsine Partners LLC bought a new stake in People Incorporated Common Stock in the 2nd quarter valued at $1,492,000. Syon Capital LLC acquired a new stake in People Incorporated Common Stock during the 2nd quarter valued at $238,000. 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 valued at $64,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Amundi lifted its holdings in People Incorporated Common Stock by 397.4% during the 1st quarter. Amundi now owns 152,304 shares of the company's stock valued at $6,097,000 after purchasing an additional 121,681 shares during the last quarter. 88.90% of the stock is owned by institutional investors.

Key Stories Impacting People Incorporated Common Stock

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

• Positive Sentiment: Citizens JMP initiated coverage with a “market outperform” rating and a $47 target. Several other firms retained positive ratings, despite reducing their targets. Coverage report
• Neutral Sentiment: UBS lowered its target from $56 to $45 and moved to “neutral”; the new target remains above the cited $41.01 share price. UBS price target report
• Negative Sentiment: Citigroup, TD Cowen, Goldman Sachs, Truist and KeyCorp also cut their price targets, though they maintained buy or overweight ratings. The repeated reductions suggest analysts have tempered expectations. A report also highlighted a deep Q3 earnings loss, adding to concerns about results. Q3 earnings report

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.

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