People Incorporated Common Stock (NASDAQ:PPLI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

People Incorporated Common Stock (NASDAQ:PPLI) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $53.6154.

Several equities research analysts recently weighed in on PPLI shares. Weiss Ratings upgraded People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. TD Cowen lifted their price target on People Incorporated Common Stock from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Citigroup lifted their price target on People Incorporated Common Stock from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group lifted their price target on 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. Finally, Benchmark restated a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, June 2nd.

Institutional Investors Weigh In On People Incorporated Common Stock

Several hedge funds have recently added to or reduced their stakes in the stock. Essential Partners LLC boosted its holdings in People Incorporated Common Stock by 177.1% in the first quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 1,027 shares in the last quarter. Amundi boosted its holdings in People Incorporated Common Stock by 397.4% in the first quarter. Amundi now owns 152,304 shares of the company’s stock worth $6,097,000 after acquiring an additional 121,681 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in People Incorporated Common Stock by 242.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 1,138 shares in the last quarter. California State Teachers Retirement System boosted its holdings in People Incorporated Common Stock by 28.7% in the first quarter. California State Teachers Retirement System now owns 83,176 shares of the company’s stock worth $3,330,000 after acquiring an additional 18,551 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in People Incorporated Common Stock by 5.9% in the first quarter. Royal Bank of Canada now owns 458,414 shares of the company’s stock worth $18,350,000 after acquiring an additional 25,423 shares in the last quarter. 88.90% of the stock is owned by institutional investors.

People Incorporated Common Stock Trading Up 0.1%

NASDAQ PPLI opened at $42.28 on Thursday. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30. People Incorporated Common Stock has a twelve month low of $29.56 and a twelve month high of $46.33. The firm has a market capitalization of $2.90 billion, a PE ratio of 114.27 and a beta of 1.02. The stock’s 50 day moving average is $42.31 and its 200 day moving average is $39.36.

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.