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

Wall Street Zen upgraded shares of People Incorporated Common Stock (NASDAQ:PPLI) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities analysts have also recently commented on the stock. KeyCorp upped their target price on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. TD Cowen raised their price target on shares of People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Citigroup boosted their price objective on shares of People Incorporated Common Stock from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. UBS Group upped their price objective on shares of 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, JPMorgan Chase & Co. lifted their target price on People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.62.

People Incorporated Common Stock Stock Up 1.6%

PPLI opened at $42.34 on Friday. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $48.32. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 114.44 and a beta of 1.02. The business has a 50 day moving average of $43.79 and a 200-day moving average of $40.91.

Institutional Investors Weigh In On People Incorporated Common Stock

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in shares of 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 in the last quarter. New Age Alpha Advisors LLC boosted its position in shares of People Incorporated Common Stock by 3.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock valued at $356,000 after acquiring an additional 309 shares in the last quarter. Bleakley Financial Group LLC increased its stake in People Incorporated Common Stock by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock valued at $1,385,000 after acquiring an additional 404 shares during the period. Franklin Resources Inc. increased its stake in People Incorporated Common Stock by 7.9% in the fourth quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock valued at $252,000 after acquiring an additional 471 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in People Incorporated Common Stock by 173.4% in the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after acquiring an additional 496 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.