Planet Payment Inc. (NASDAQ:PLPM)’s share price dropped 4.4% during trading on Thursday . The stock traded as low as $3.92 and last traded at $3.92, with a volume of 150,107 shares trading hands. The stock had previously closed at $4.10.

PLPM has been the topic of several recent analyst reports. Northland Securities initiated coverage on Planet Payment in a report on Wednesday, April 13th. They issued an “outperform” rating on the stock. TheStreet raised Planet Payment from a “hold” rating to a “buy” rating in a report on Friday, March 18th. Zacks Investment Research raised Planet Payment from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a report on Wednesday, May 4th. Finally, Lake Street Capital increased their target price on Planet Payment from $4.25 to $4.50 and gave the company a “buy” rating in a report on Thursday, May 5th.

The firm has a market cap of $205.11 million and a PE ratio of 23.63. The company’s 50-day moving average is $4.25 and its 200-day moving average is $3.53.

Planet Payment (NASDAQ:PLPM) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03. On average, equities research analysts expect that Planet Payment Inc. will post $0.16 EPS for the current fiscal year.

In other Planet Payment news, Director Jonathan Kaiden sold 11,970 shares of Planet Payment stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $4.50, for a total value of $53,865.00. Following the transaction, the director now owns 120,890 shares in the company, valued at approximately $544,005. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

An institutional investor recently raised its position in Planet Payment stock. P.A.W. Capital Corp increased its position in shares of Planet Payment Inc. (NASDAQ:PLPM) by 43.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 575,000 shares of the company’s stock after buying an additional 175,000 shares during the period. Planet Payment accounts for 2.0% of P.A.W. Capital Corp’s investment portfolio, making the stock its 18th largest position. P.A.W. Capital Corp owned 1.12% of Planet Payment worth $1,754,000 as of its most recent SEC filing.

Planet Payment, Inc is a provider of international payment and transaction processing and multi-currency processing services. The Company manages its business through two segments: Multi-currency processing services, which includes Pay In Your Currency and Shop In Your Currency, enables merchants to offer customized pricing in multiple currencies, and payment processing services comprising authorization, capture, clearing and settlement services.

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