People Incorporated Common Stock (NASDAQ:PPLI) Price Target Raised to $70.00

People Incorporated Common Stock (NASDAQ:PPLI) had its price target hoisted by Benchmark from $60.00 to $70.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also weighed in on PPLI. Weiss Ratings raised shares of People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. TD Cowen reiterated a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday. Jefferies Financial Group cut People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a report on Wednesday, May 6th. Wall Street Zen raised People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Citizens Jmp increased their target price on People Incorporated Common Stock from $47.00 to $54.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.62.

People Incorporated Common Stock Stock Down 3.2%

NASDAQ PPLI opened at $41.58 on Wednesday. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $43.82 and a two-hundred day moving average of $41.10. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 9.28 and a beta of 1.04. People Incorporated Common Stock has a 52 week low of $29.56 and a 52 week high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI) last announced its earnings results on Monday, August 3rd. The company reported $6.68 earnings per share for the quarter, beating the consensus estimate of ($0.40) by $7.08. The business had revenue of $436.74 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.57 earnings per share. On average, analysts predict that People Incorporated Common Stock will post -0.23 earnings per share for the current year.

Institutional Trading of People Incorporated Common Stock

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC grew 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 worth $25,000 after purchasing an additional 233 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in People Incorporated Common Stock by 173.4% during the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after purchasing an additional 496 shares during the period. Advisory Services Network LLC bought a new stake in People Incorporated Common Stock during the 3rd quarter valued at $38,000. Quarry LP purchased a new stake in shares of People Incorporated Common Stock in the 4th quarter worth $59,000. Finally, Essential Partners LLC grew its position in shares of People Incorporated Common Stock by 177.1% during the 1st 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. Institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Company Profile

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.