People Incorporated Common Stock (NASDAQ:PPLI) Raised to Hold at Wall Street Zen

People Incorporated Common Stock (NASDAQ:PPLI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other brokerages also recently commented on PPLI. UBS Group raised 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 report on Wednesday, May 6th. Jefferies Financial Group downgraded shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research note on Wednesday, May 6th. Weiss Ratings raised People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 29th. KeyCorp raised their price target on 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. Finally, JPMorgan Chase & Co. lifted their price target on People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, People Incorporated Common Stock presently has an average rating of “Moderate Buy” and an average price target of $53.62.

People Incorporated Common Stock Price Performance

PPLI stock opened at $41.69 on Friday. The company’s 50 day moving average price is $43.76 and its 200 day moving average price is $40.90. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 112.68 and a beta of 1.02. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $48.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69.

Institutional Investors Weigh In On People Incorporated Common Stock

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its holdings in shares of People Incorporated Common Stock by 61.3% during the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after buying an additional 233 shares during the last quarter. New Age Alpha Advisors LLC increased its position in People Incorporated Common Stock by 3.5% in 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 during the period. Bleakley Financial Group LLC raised its stake in People Incorporated Common Stock by 1.2% during the 1st 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 last quarter. Franklin Resources Inc. raised its stake in People Incorporated Common Stock by 7.9% during the 4th 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 last quarter. Finally, Hantz Financial Services Inc. lifted its position in People Incorporated Common Stock by 173.4% during the 4th 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. 88.90% of the stock is owned by hedge funds and other institutional investors.

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.