Shares of People Incorporated Common Stock (NASDAQ:PPLI – Get Free Report) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $53.6154.
Several equities analysts recently weighed in on PPLI shares. Citigroup increased 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 report on Wednesday, May 6th. Jefferies Financial Group lowered 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 report on Wednesday, May 6th. Piper Sandler set a $52.00 price target on People Incorporated Common Stock in a research note on Thursday, May 7th. Wall Street Zen lowered People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, TD Cowen lifted their price objective on People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, May 4th.
Check Out Our Latest Stock Analysis on People Incorporated Common Stock
People Incorporated Common Stock Trading Down 2.1%
Institutional Trading of People Incorporated Common Stock
A number of institutional investors and hedge funds have recently modified their holdings of PPLI. Elevation Wealth Partners LLC acquired a new position in People Incorporated Common Stock during the fourth quarter valued at approximately $25,000. Parallel Advisors LLC boosted its position 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 purchasing an additional 233 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of People Incorporated Common Stock by 173.4% during the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after purchasing an additional 496 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of People Incorporated Common Stock in the 3rd quarter valued at $38,000. Finally, Quarry LP bought a new stake in shares of People Incorporated Common Stock in the 4th quarter valued at $59,000. 88.90% of the stock is owned by institutional investors.
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.
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