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

Key Points

• Analyst sentiment is moderately bullish: Fifteen analysts assign People Incorporated Common Stock a consensus “Moderate Buy” rating, with nine buys, five holds, and one strong buy. The average 12-month price target is $56.08.
• Institutional ownership remains high: Institutional investors own 88.9% of the company, with several firms—including Amundi and EverSource Wealth Advisors—recently increasing their positions or initiating new stakes.
• Shares have weakened despite a quarterly earnings beat: PPLI opened at $36.19, below its 50-day and 200-day moving averages, while the company reported quarterly EPS of $6.68 versus consensus estimates of a $0.40 loss. Revenue of $436.74 million was slightly above estimates but declined 1.5% year over year.

Shares of People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $56.0769.

Several research firms have recently issued reports on PPLI. TD Cowen restated a "buy" rating on shares of People Incorporated Common Stock in a research report on Tuesday, August 4th. Zacks Research upgraded People Incorporated Common Stock from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. UBS Group increased their target price on People Incorporated Common Stock from $49.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Benchmark raised 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. Finally, Weiss Ratings upgraded People Incorporated Common Stock from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nilsine Partners LLC bought a new position in shares of People Incorporated Common Stock during the second quarter worth $1,492,000. Syon Capital LLC acquired a new stake in People Incorporated Common Stock during the 2nd quarter worth $238,000. Essential Partners LLC lifted its holdings in People Incorporated Common Stock by 177.1% during 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 in the last quarter. Amundi lifted its holdings in People Incorporated Common Stock by 397.4% during the first quarter. Amundi now owns 152,304 shares of the company's stock worth $6,097,000 after acquiring an additional 121,681 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in 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. Institutional investors own 88.90% of the company's stock.

People Incorporated Common Stock Trading Down 2.1%

Shares of NASDAQ PPLI opened at $36.19 on Friday. The company's 50 day simple moving average is $40.65 and its 200 day simple moving average is $41.46. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $48.32. The firm has a market capitalization of $2.49 billion, a P/E ratio of 8.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.69 and a quick ratio of 3.69.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) last released its 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 firm had revenue of $436.74 million during the quarter, compared to analyst estimates of $433.77 million. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. The business's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.57 EPS. On average, analysts predict that People Incorporated Common Stock will post 6.97 EPS for the current year.

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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