Planet Payment Inc. (NASDAQ:PLPM) traded up 3% on Friday . The stock traded as high as $4.18 and last traded at $4.13, with a volume of 337,377 shares traded. The stock had previously closed at $4.01.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Planet Payment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Lake Street Capital upped their price target on shares of Planet Payment from $4.25 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, May 5th. Ladenburg Thalmann assumed coverage on shares of Planet Payment in a research report on Monday. They issued a “buy” rating and a $6.20 price target for the company. Northland Securities assumed coverage on shares of Planet Payment in a research report on Wednesday, April 13th. They issued an “outperform” rating for the company. Finally, TheStreet raised shares of Planet Payment from a “hold” rating to a “buy” rating in a research report on Friday, March 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $5.15.

The stock has a market capitalization of $209.68 million and a PE ratio of 24.15. The company has a 50-day moving average of $4.20 and a 200-day moving average of $3.57.

Planet Payment (NASDAQ:PLPM) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Equities research analysts forecast that Planet Payment Inc. will post $0.16 earnings per share for the current year.

In related news, Director Jonathan Kaiden sold 15,880 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $4.51, for a total transaction of $71,618.80. Following the completion of the sale, the director now directly owns 105,010 shares in the company, valued at $473,595.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Other large investors recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake 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 worth $1,083,000 after buying an additional 155,137 shares in the last quarter. P.A.W. Capital Corp boosted its stake 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 worth $1,754,000 after buying an additional 175,000 shares in the last quarter. Finally, EAM Investors LLC boosted its stake 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 worth $1,878,000 after buying an additional 2,423 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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