People Incorporated Common Stock (NASDAQ:PPLI) Sets New 1-Year High – Time to Buy?

People Incorporated Common Stock (NASDAQ:PPLI)’s stock price reached a new 52-week high on Monday . The company traded as high as $47.00 and last traded at $46.57, with a volume of 10321 shares changing hands. The stock had previously closed at $46.75.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings upgraded People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Jefferies Financial Group cut shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research report on Wednesday, May 6th. Piper Sandler set a $52.00 price objective on shares of People Incorporated Common Stock in a research note on Thursday, May 7th. Benchmark reissued a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group boosted their target price on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, People Incorporated Common Stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.62.

People Incorporated Common Stock Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 126.41 and a beta of 1.02. The business has a fifty day moving average price of $42.97 and a 200 day moving average price of $40.29.

Institutional Investors Weigh In On People Incorporated Common Stock

A number of hedge funds have recently made changes to their positions in PPLI. Elevation Wealth Partners LLC bought a new position in People Incorporated Common Stock in the 4th quarter valued at approximately $25,000. Parallel Advisors LLC grew its stake 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 buying an additional 233 shares during the last quarter. Hantz Financial Services Inc. grew its stake 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 worth $31,000 after buying an additional 496 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of People Incorporated Common Stock during the third quarter worth $38,000. Finally, Quarry LP acquired a new position in shares of People Incorporated Common Stock during the fourth quarter worth $59,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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.