People Incorporated Common Stock (NASDAQ:PPLI) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate People Incorporated Common Stock a “Moderate Buy,” with nine buy ratings, five holds and one strong buy. The average 12-month price target is $55.92, well above the reported share price of $38.76.
• Recent analyst updates included higher targets from UBS, Goldman Sachs, Benchmark and Citigroup, with Benchmark assigning the highest cited target at $70.
• Institutional investors own 88.9% of the company’s stock. In its latest quarter, the company reported $6.68 in earnings per share and $436.74 million in revenue, though revenue declined 1.5% year over year.

Shares of People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fifteen research firms that are covering the firm, Marketbeat reports. Five investment 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 objective among brokerages that have issued a report on the stock in the last year is $55.9231.

A number of brokerages have issued reports on PPLI. UBS Group increased their price objective on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group boosted their target price on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the company a "buy" rating in a research report on Tuesday, April 28th. Benchmark upped their price target on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Citigroup increased their price target on shares of People Incorporated Common Stock from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. Finally, Piper Sandler set a $52.00 price objective on shares of People Incorporated Common Stock in a research note on Thursday, May 7th.

Hedge Funds Weigh In On People Incorporated Common Stock

Several hedge funds and other institutional investors have recently modified their holdings of PPLI. Parallel Advisors LLC boosted its stake in People Incorporated Common Stock by 61.3% in 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 in the last quarter. Hantz Financial Services Inc. raised its stake in People Incorporated Common Stock by 173.4% during the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company's stock worth $31,000 after acquiring 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 about $38,000. Quarry LP bought a new position in shares of People Incorporated Common Stock in the fourth quarter worth about $59,000. Finally, 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 acquiring an additional 1,027 shares during the last quarter. Institutional investors own 88.90% of the company's stock.

People Incorporated Common Stock Stock Performance

NASDAQ:PPLI opened at $38.76 on Tuesday. The stock has a fifty day moving average price of $43.11 and a 200-day moving average price of $41.18. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 8.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.69 and a current ratio of 3.69. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $6.68 EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $7.08. The company had revenue of $436.74 million for the quarter, compared to analysts' expectations of $433.77 million. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%.People Incorporated Common Stock's revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned $2.57 earnings per share. As a group, equities analysts anticipate that People Incorporated Common Stock will post 6.97 EPS for the current fiscal year.

About People Incorporated Common Stock

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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