People Incorporated Common Stock (NASDAQ:PPLI) Sets New 52-Week High – Here’s Why

People Incorporated Common Stock (NASDAQ:PPLI)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $46.40 and last traded at $46.37, with a volume of 1252466 shares traded. The stock had previously closed at $44.77.

Analyst Ratings Changes

A number of brokerages have weighed in on PPLI. JPMorgan Chase & Co. increased their target price on shares of People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Piper Sandler set a $52.00 price target on shares of People Incorporated Common Stock in a report on Thursday, May 7th. Citigroup boosted their price objective 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. Benchmark reiterated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. Finally, UBS Group raised 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, People Incorporated Common Stock currently has an average rating of “Moderate Buy” and an average price target of $53.62.

People Incorporated Common Stock Stock Up 0.8%

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’s 50-day moving average price is $42.87 and its 200 day moving average price is $40.11. The firm has a market cap of $3.19 billion, a P/E ratio of 125.76 and a beta of 1.02.

Institutional Investors Weigh In On People Incorporated Common Stock

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

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.