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

People Incorporated Common Stock (NASDAQ:PPLI) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $53.6154.

PPLI has been the topic of several recent analyst reports. Piper Sandler set a $52.00 target price on shares of People Incorporated Common Stock in a research report on Thursday, May 7th. The Goldman Sachs Group boosted their price objective on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Needham & Company LLC set a $57.00 target price on shares of People Incorporated Common Stock in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. raised their price target on shares of People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Barclays boosted their price target on People Incorporated Common Stock from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th.

People Incorporated Common Stock Price Performance

Shares of PPLI opened at $42.38 on Thursday. The company has a market capitalization of $2.91 billion, a P/E ratio of 114.54 and a beta of 1.02. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $46.33. The business’s 50-day moving average is $42.58 and its two-hundred day moving average is $39.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69.

Institutional Investors Weigh In On People Incorporated Common Stock

Large investors have recently made changes to their positions in the business. Aristeia Capital L.L.C. grew its stake in shares of People Incorporated Common Stock by 100.7% in the fourth quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock worth $222,966,000 after acquiring an additional 2,861,871 shares during the last quarter. Corvex Management LP raised its holdings in 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 purchasing an additional 566,696 shares during the period. Bank of Montreal Can increased its holdings in shares of People Incorporated Common Stock by 42,721.4% in the fourth quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock valued at $122,309,000 after purchasing an additional 3,120,799 shares during the last quarter. Davis Selected Advisers grew its position in 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 worth $98,301,000 after acquiring an additional 270,383 shares during the period. Finally, Patient Capital Management LLC boosted its position in shares of People Incorporated Common Stock by 12.6% during the fourth quarter. Patient Capital Management LLC now owns 2,374,050 shares of the company’s stock worth $92,825,000 after buying an additional 265,805 shares during the period. 88.90% of the stock is currently owned by institutional investors.

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.