Shares of Planet Payment Inc. (NASDAQ:PLPM) were down 4.1% on Wednesday . The company traded as low as $3.99 and last traded at $4.01, with a volume of 399,491 shares. The stock had previously closed at $4.18.

A number of analysts have recently weighed in on PLPM shares. TheStreet upgraded shares of Planet Payment from a “hold” rating to a “buy” rating in a research note on Friday, March 18th. Lake Street Capital upped their target price on shares of Planet Payment from $4.25 to $4.50 and gave the company a “buy” rating in a research note on Thursday, May 5th. Zacks Investment Research upgraded shares of Planet Payment from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research note on Wednesday, May 4th. Ladenburg Thalmann started coverage on shares of Planet Payment in a research note on Monday. They set a “buy” rating and a $6.20 target price for the company. Finally, Northland Securities started coverage on shares of Planet Payment in a research note on Wednesday, April 13th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $5.15.

The company’s 50-day moving average is $4.22 and its 200-day moving average is $3.56. The company has a market capitalization of $204.10 million and a PE ratio of 23.51.

Planet Payment (NASDAQ:PLPM) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. On average, equities analysts predict that Planet Payment Inc. will post $0.16 earnings per share for the current year.

In other news, Director Jonathan Kaiden sold 11,970 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $4.50, for a total transaction of $53,865.00. Following the completion of the transaction, the director now directly owns 120,890 shares of the company’s stock, valued at approximately $544,005. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Other institutional investors have modified their holdings of the company. EAM Investors LLC boosted its position in shares of Planet Payment by 0.4% in the fourth quarter. EAM Investors LLC now owns 615,889 shares of the company’s stock valued at $1,878,000 after buying an additional 2,423 shares in the last quarter. P.A.W. Capital Corp boosted its position in shares of Planet Payment by 43.8% in the fourth quarter. P.A.W. Capital Corp now owns 575,000 shares of the company’s stock valued at $1,754,000 after buying an additional 175,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Planet Payment by 77.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 355,027 shares of the company’s stock valued at $1,083,000 after buying an additional 155,137 shares in the last quarter.

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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