People Incorporated Common Stock (NASDAQ:PPLI) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• Zacks Research upgraded People Incorporated Common Stock (NASDAQ: PPLI) from “hold” to “strong buy.” MarketBeat reports a consensus “moderate buy” rating and an average price target of $55.62, with several analysts recently raising targets.
• PPLI opened at $41.58 and has traded between $29.56 and $48.32 over the past year. The company has a $2.86 billion market capitalization, a P/E ratio of 9.28 and relatively low leverage, with a debt-to-equity ratio of 0.27.
• The company reported quarterly EPS of $6.68, exceeding the consensus estimate by $7.08, while revenue of $436.74 million slightly topped expectations. Institutional investors own approximately 88.9% of the outstanding shares.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. Citizens Jmp boosted their price target on shares of People Incorporated Common Stock from $47.00 to $54.00 and gave the stock a "market outperform" rating in a research report on Wednesday. UBS Group boosted their price objective on People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday. Citigroup restated an "outperform" rating on shares of People Incorporated Common Stock in a research note on Wednesday. Barclays increased their price objective on shares of People Incorporated Common Stock from $48.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Finally, Piper Sandler set a $52.00 target price on shares of People Incorporated Common Stock in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, People Incorporated Common Stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.62.

People Incorporated Common Stock Price Performance

PPLI opened at $41.58 on Thursday. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.27. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $48.32. The company has a fifty day simple moving average of $43.82 and a 200 day simple moving average of $41.10. The stock has a market cap of $2.86 billion, a P/E ratio of 9.28 and a beta of 1.04.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $6.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $7.08. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%.The firm had revenue of $436.74 million during the quarter, compared to analysts' expectations of $433.77 million. During the same period in the previous year, the firm earned $2.57 earnings per share. The company's revenue was down 1.5% on a year-over-year basis. On average, research analysts expect that People Incorporated Common Stock will post -0.23 EPS for the current year.

Institutional Trading of People Incorporated Common Stock

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in People Incorporated Common Stock by 38.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company's stock worth $19,087,000 after buying an additional 115,652 shares during the period. United Services Automobile Association bought a new position in shares of People Incorporated Common Stock in the 1st quarter worth $207,000. Empowered Funds LLC lifted its holdings in shares of People Incorporated Common Stock by 9.8% in the 1st quarter. Empowered Funds LLC now owns 8,037 shares of the company's stock worth $369,000 after purchasing an additional 718 shares in the last quarter. Focus Partners Wealth acquired a new stake in People Incorporated Common Stock in the 1st quarter valued at $270,000. Finally, Creative Planning increased its stake in People Incorporated Common Stock by 8.8% during the 2nd quarter. Creative Planning now owns 11,619 shares of the company's stock valued at $434,000 after purchasing an additional 944 shares in the last quarter. Institutional investors own 88.90% of the company's stock.

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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