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

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

PPLI has been the subject of a number of recent analyst reports. Wall Street Zen downgraded People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Benchmark reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, June 2nd. Zacks Research raised People Incorporated Common Stock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. TD Cowen lifted their price objective on People Incorporated Common Stock from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded People Incorporated Common Stock from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday.

Institutional Investors Weigh In On People Incorporated Common Stock

A number of institutional investors have recently added to or reduced their stakes in the company. Aristeia Capital L.L.C. grew its position in People Incorporated Common Stock by 100.7% during the fourth 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 during the period. Corvex Management LP grew its position in People Incorporated Common Stock by 20.3% during the fourth quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock valued at $131,183,000 after acquiring an additional 566,696 shares during the period. Bank of Montreal Can grew its position in People Incorporated Common Stock by 42,721.4% during the fourth quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock valued at $122,309,000 after acquiring an additional 3,120,799 shares during the period. Davis Selected Advisers grew its position in People Incorporated Common Stock by 12.1% during the fourth quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock valued at $98,301,000 after acquiring an additional 270,383 shares during the period. Finally, Patient Capital Management LLC grew its position in 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 valued at $92,825,000 after acquiring an additional 265,805 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Price Performance

Shares of NASDAQ:PPLI opened at $42.64 on Thursday. The company has a market cap of $2.93 billion, a P/E ratio of 115.25 and a beta of 1.02. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30. People Incorporated Common Stock has a 52 week low of $29.56 and a 52 week high of $46.33. The business has a fifty day simple moving average of $42.47 and a 200-day simple moving average of $39.55.

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.