Analysts Set People Incorporated Common Stock (NASDAQ:PPLI) PT at $53.62

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

A number of brokerages recently issued reports on PPLI. Jefferies Financial Group downgraded People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research report on Wednesday, May 6th. Weiss Ratings raised People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. boosted their price objective on People Incorporated Common Stock from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group upped their price objective on People Incorporated Common Stock from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Piper Sandler set a $52.00 target price on People Incorporated Common Stock in a research note on Thursday, May 7th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PPLI. Parallel Advisors LLC boosted its position in People Incorporated Common Stock by 61.3% in the 1st quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $25,000 after buying an additional 233 shares during the period. Elevation Wealth Partners LLC purchased a new position in shares of People Incorporated Common Stock during the fourth quarter worth approximately $25,000. Hantz Financial Services Inc. increased its position 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 acquiring an additional 496 shares during the period. Advisory Services Network LLC bought a new stake in People Incorporated Common Stock during the 3rd quarter valued at $38,000. Finally, Quarry LP bought a new stake in shares of People Incorporated Common Stock in the fourth quarter valued at about $59,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Stock Performance

Shares of NASDAQ PPLI opened at $46.50 on Monday. The business’s 50 day moving average is $43.26 and its two-hundred day moving average is $40.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $48.32. The stock has a market capitalization of $3.19 billion, a P/E ratio of 125.68 and a beta of 1.02.

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.