Stock of the Day - September 9, 2022

People Incorporated Common Stock (PPLI)

$38.28

-$0.86 (-2.2%)

Market Cap: $2.69B

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. In addition, the company operates websites that offer general search services and information, including Ask.com, a search site with a variety of fresh and contemporary content; Reference.com that offers content across select vertical categories; Consumersearch.com, which offers content designed to simplify the product research process; and Shopping.net, a vertical shopping search site that contains a mix of search services and/or content targeted to various user or segment demographics, as well as offers direct-to-consumer downloadable desktop applications. Further, it offers Care.com, an online destination for families to connect with caregivers for their children, aging parents, pets, and homes; develops and provides subscription mobile applications across the communication, language, weather, business, health, and lifestyle verticals; a technology driven staffing platform for flexible W-2 work under the Bluecrew name; a platform to connect healthcare professionals with job opportunities under the Vivian Health name; The Daily Beast, a website dedicated to news, commentary, culture, and entertainment that publishes original reporting and opinion; and production and producer services for feature films for sale and distribution through theatrical releases and video-on-demand services. The company was formerly known as IAC/InterActiveCorp. The company is headquartered in New York, New York.

Today's Trend

People Incorporated Common Stock (NASDAQ: PPLI) shares have decreased, even as several analysts raised their price targets. The available news is generally constructive, suggesting the decline may reflect profit-taking or investor reaction following the company’s recent earnings report rather than a new negative announcement.

Benchmark raised its price target to $70 from $60 and maintained a “buy” rating, implying substantial potential upside from recent trading levels. Benzinga analyst price target report
Citizens JMP increased its price target to $54 from $47 and reiterated a “market outperform” rating, signaling confidence in PPLI’s outlook. Benzinga analyst price target report
UBS raised its price target to $56 from $49. Although UBS kept a “neutral” rating, the higher target indicates improved valuation expectations. Benzinga analyst price target report
People Incorporated will participate in the Oppenheimer 29th Annual Technology, Internet & Communications Conference on August 12. CFO Timothy Quinn is scheduled for a fireside chat, which could provide additional information on strategy and financial expectations but does not represent a new operating announcement. People Incorporated conference announcement
The company’s recent second-quarter earnings presentation remains a key focus for investors. While the quarter exceeded revenue expectations and included a significant EPS beat, revenue declined year over year, which may be contributing to cautious trading. People Incorporated 2026 second-quarter results presentation

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