People Incorporated Common Stock (NASDAQ:PPLI) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts’ consensus is “Moderate Buy”, with 9 buy, 1 strong-buy, 4 hold, and 1 sell ratings among 15 brokerages; the average 12-month price target is $53.08.
• Recent analyst actions were mixed: Goldman Sachs lowered its target to $56 but maintained a buy rating, while Truist cut its target to $59 and also kept a buy rating. JPMorgan initiated coverage with an overweight rating and a $54 target.
• The company reported quarterly EPS of -$9.15, missing the -$0.23 consensus estimate, and revenue fell 3.6% year over year. Institutional investors own 88.9% of its shares.

Shares of People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $53.08.

PPLI has been the topic of several analyst reports. The Goldman Sachs Group reduced their price objective on People Incorporated Common Stock from $63.00 to $56.00 and set a "buy" rating on the stock in a research note on Wednesday. Wall Street Zen raised People Incorporated Common Stock from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Citizens Jmp assumed coverage on People Incorporated Common Stock in a report on Wednesday. They issued a "market outperform" rating and a $47.00 target price for the company. Truist Financial cut their target price on People Incorporated Common Stock from $62.00 to $59.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on People Incorporated Common Stock in a report on Friday, September 11th. They set an "overweight" rating and a $54.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in shares of People Incorporated Common Stock by 53.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 442,189 shares of the company's stock worth $18,554,000 after acquiring an additional 153,311 shares during the last quarter. Fulcrum Asset Management LLP grew its holdings in 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 valued at $621,000 after purchasing an additional 14,429 shares during the last quarter. Nilsine Partners LLC bought a new position in People Incorporated Common Stock during the 2nd quarter valued at about $1,492,000. Syon Capital LLC bought a new position in People Incorporated Common Stock during the 2nd quarter valued at about $238,000. Finally, Essential Partners LLC grew 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. 88.90% of the stock is owned by hedge funds and other institutional investors.

People Incorporated Common Stock Stock Performance

People Incorporated Common Stock stock opened at $42.08 on Friday. The company's 50-day moving average price is $38.93 and its 200-day moving average price is $40.46. People Incorporated Common Stock has a twelve month low of $31.42 and a twelve month high of $48.32. The company has a quick ratio of 3.69, a current ratio of 4.01 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.91 billion, a PE ratio of -9.56 and a beta of 1.00.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) last announced its quarterly earnings results on Tuesday, November 10th. The company reported ($9.15) EPS for the quarter, missing analysts' consensus estimates 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 company's revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts forecast that People Incorporated Common Stock will post -1.99 EPS for the current fiscal year.

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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