People Incorporated Common Stock (NASDAQ:PPLI) Stock Price Target Cut by KeyCorp

Key Points

• KeyCorp cut its price target on People Incorporated Common Stock from $50 to $44 but maintained an “overweight” rating, implying 14.29% upside from the current price.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $55.54, with nine Buy, five Hold, and one Sell rating.
• The company reported a steep quarterly earnings miss, posting EPS of -$9.15 versus the -$0.23 consensus estimate; revenue fell 3.6% year over year.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) had its price objective dropped by investment analysts at KeyCorp from $50.00 to $44.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price objective would suggest a potential upside of 14.29% from the company's current price.

Other equities research analysts have also issued research reports about the company. Citizens Jmp lifted their price objective on People Incorporated Common Stock from $47.00 to $54.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 5th. Citigroup boosted their price objective on People Incorporated Common Stock from $48.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Truist Financial upped their price objective on shares of People Incorporated Common Stock from $50.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. UBS Group increased their target price on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of People Incorporated Common Stock from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 23rd. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.54.

People Incorporated Common Stock Price Performance

Shares of NASDAQ PPLI opened at $38.50 on Wednesday. The stock has a fifty day simple moving average of $38.79 and a two-hundred day simple moving average of $40.43. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $48.32. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 4.41 and a beta of 1.00. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) last issued its 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 13.03%. The firm's revenue was down 3.6% on a year-over-year basis. Analysts anticipate 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

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased 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 valued at $25,000 after buying an additional 233 shares during the period. Essential Partners LLC lifted its holdings in shares of People Incorporated Common Stock by 177.1% in 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. EverSource Wealth Advisors LLC boosted its position in shares of People Incorporated Common Stock by 242.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company's stock valued at $64,000 after acquiring an additional 1,138 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of People Incorporated Common Stock by 251.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company's stock valued at $76,000 after acquiring an additional 1,386 shares during the period. Finally, Syon Capital LLC bought a new position in shares of People Incorporated Common Stock in the second quarter valued at approximately $238,000. 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.

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