People Incorporated Common Stock (NASDAQ:PPLI) Receives $53.62 Average PT from Analysts

Shares of People Incorporated Common Stock (NASDAQ:PPLI) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $53.6154.

PPLI has been the subject of several research analyst reports. Weiss Ratings upgraded shares of People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Benchmark reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. KeyCorp upped their price objective on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Citigroup increased their price objective on shares of People Incorporated Common Stock from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, TD Cowen raised their target price on People Incorporated Common Stock from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, May 4th.

People Incorporated Common Stock Stock Performance

NASDAQ PPLI opened at $41.57 on Friday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 112.35 and a beta of 1.04. The business has a 50 day simple moving average of $43.85 and a 200 day simple moving average of $40.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $48.32.

Institutional Investors Weigh In On People Incorporated Common Stock

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of People Incorporated Common Stock by 61.3% in the 1st 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. New Age Alpha Advisors LLC raised its holdings in People Incorporated Common Stock by 3.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock worth $356,000 after buying an additional 309 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in People Incorporated Common Stock by 1.2% during the first quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock worth $1,385,000 after buying an additional 404 shares during the last quarter. Franklin Resources Inc. lifted 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 buying an additional 471 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of People Incorporated Common Stock by 173.4% during the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after buying an additional 496 shares during 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.