People Incorporated Common Stock (NASDAQ:PPLI) Raised to “Strong-Buy” at Zacks Research

People Incorporated Common Stock (NASDAQ:PPLI) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on the company. TD Cowen reiterated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday. The Goldman Sachs Group raised their price target on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. UBS Group upped their price target on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday. Jefferies Financial Group cut People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research report on Wednesday, May 6th. Finally, Barclays lifted their price target on People Incorporated Common Stock from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.62.

People Incorporated Common Stock Stock Performance

NASDAQ:PPLI opened at $41.58 on Thursday. People Incorporated Common Stock has a 1 year low of $29.56 and a 1 year high of $48.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.69 and a quick ratio of 3.69. The business has a fifty day simple moving average of $43.82 and a two-hundred day simple moving average of $41.10. The company has a market capitalization of $2.86 billion, a P/E ratio of 9.28 and a beta of 1.04.

People Incorporated Common Stock (NASDAQ:PPLI) last issued its earnings results on Monday, August 3rd. The company reported $6.68 earnings per share 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 company’s quarterly 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. On average, analysts expect that People Incorporated Common Stock will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On People Incorporated Common Stock

A number of hedge funds have recently made changes to their positions in PPLI. Parallel Advisors LLC grew its position in shares of People Incorporated Common Stock by 61.3% during the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after acquiring an additional 233 shares during the last quarter. New Age Alpha Advisors LLC boosted its stake in People Incorporated Common Stock by 3.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock valued at $356,000 after purchasing an additional 309 shares during the period. Bleakley Financial Group LLC grew its position in People Incorporated Common Stock by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock worth $1,385,000 after purchasing an additional 404 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of People Incorporated Common Stock by 7.9% in the fourth quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock valued at $252,000 after purchasing an additional 471 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in shares of People Incorporated Common Stock by 173.4% in the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after purchasing an additional 496 shares during the period. 88.90% of the stock is currently owned by institutional investors.

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.