People Incorporated Common Stock (NASDAQ:PPLI) Stock Rating Upgraded by Wall Street Zen

People Incorporated Common Stock (NASDAQ:PPLI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also commented on the stock. Benchmark restated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. The Goldman Sachs Group raised their price objective on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. 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 report on Wednesday, May 6th. Barclays boosted their target price on shares of People Incorporated Common Stock from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, UBS Group upped their target price on shares of People Incorporated Common Stock from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, People Incorporated Common Stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.62.

People Incorporated Common Stock Price Performance

Shares of NASDAQ:PPLI opened at $41.69 on Friday. People Incorporated Common Stock has a twelve month low of $29.56 and a twelve month high of $48.32. The stock’s 50 day moving average is $43.76 and its 200-day moving average is $40.88. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 112.68 and a beta of 1.02.

Institutional Investors Weigh In On People Incorporated Common Stock

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aristeia Capital L.L.C. lifted its stake in People Incorporated Common Stock by 100.7% during the 4th quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock valued at $222,966,000 after acquiring an additional 2,861,871 shares in the last quarter. Corvex Management LP grew its stake in shares of People Incorporated Common Stock by 20.3% in the 4th quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock worth $131,183,000 after acquiring an additional 566,696 shares in the last quarter. Bank of Montreal Can grew its stake in shares of People Incorporated Common Stock by 42,721.4% in the 4th quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock worth $122,309,000 after acquiring an additional 3,120,799 shares in the last quarter. Davis Selected Advisers raised its holdings in shares of People Incorporated Common Stock by 12.1% in the fourth quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock valued at $98,301,000 after purchasing an additional 270,383 shares during the last quarter. Finally, Patient Capital Management LLC raised its holdings in shares of People Incorporated Common Stock by 12.6% in the fourth quarter. Patient Capital Management LLC now owns 2,374,050 shares of the company’s stock valued at $92,825,000 after purchasing an additional 265,805 shares during the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

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.