People Incorporated Common Stock (NASDAQ:PPLI) Given Consensus Recommendation of “Moderate Buy” by Analysts

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

Several research firms have recently weighed in on PPLI. UBS Group lifted their target price on shares of People Incorporated Common Stock from $42.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Citigroup raised their price target on shares of 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. TD Cowen lifted their price objective on shares of People Incorporated Common Stock from $60.00 to $66.00 and gave the company a “buy” rating in a report on Monday, May 4th. Benchmark reiterated a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group downgraded 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.

People Incorporated Common Stock Stock Performance

People Incorporated Common Stock stock opened at $46.75 on Monday. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $46.88. The stock’s 50 day simple moving average is $42.97 and its two-hundred day simple moving average is $40.29. The firm has a market cap of $3.21 billion, a PE ratio of 126.35 and a beta of 1.02.

Hedge Funds Weigh In On People Incorporated Common Stock

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in People Incorporated Common Stock by 38.6% in the first quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock valued at $19,087,000 after purchasing an additional 115,652 shares during the period. United Services Automobile Association purchased a new position in shares of People Incorporated Common Stock during the 1st quarter valued at approximately $207,000. Empowered Funds LLC lifted its position in shares of People Incorporated Common Stock by 9.8% during the 1st quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock valued at $369,000 after buying an additional 718 shares in the last quarter. Focus Partners Wealth acquired a new stake in People Incorporated Common Stock in the 1st quarter valued at $270,000. Finally, Creative Planning grew its stake in People Incorporated Common Stock by 8.8% in the 2nd quarter. Creative Planning now owns 11,619 shares of the company’s stock valued at $434,000 after acquiring an additional 944 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.

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.