People Incorporated Common Stock (NASDAQ:PPLI) Upgraded to Hold 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 research report report published on Saturday.

Other equities research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 29th. The Goldman Sachs Group boosted their price target 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. Citigroup increased their price objective on People Incorporated Common Stock from $44.00 to $48.00 and gave the company a “buy” rating in a research note 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, Barclays lifted their target price on People Incorporated Common Stock from $48.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.62.

People Incorporated Common Stock Trading Down 1.1%

PPLI opened at $41.69 on Friday. People Incorporated Common Stock has a 52 week low of $29.56 and a 52 week high of $48.32. The business has a fifty day simple moving average of $43.76 and a 200-day simple moving average of $40.88. The firm has a market cap of $2.86 billion, a P/E ratio of 112.68 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.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in shares of People Incorporated Common Stock by 38.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock valued at $19,087,000 after buying an additional 115,652 shares during the last quarter. United Services Automobile Association purchased a new stake in People Incorporated Common Stock in the first quarter valued at $207,000. Empowered Funds LLC lifted its position in People Incorporated Common Stock by 9.8% in the first quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock valued at $369,000 after acquiring an additional 718 shares during the last quarter. Focus Partners Wealth acquired a new position in People Incorporated Common Stock in the first quarter valued at $270,000. Finally, Creative Planning boosted its stake in People Incorporated Common Stock by 8.8% in the second quarter. Creative Planning now owns 11,619 shares of the company’s stock valued at $434,000 after acquiring an additional 944 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

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.