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

PLPM has been the topic of a number of recent research reports. Northland Securities initiated coverage on Planet Payment in a report on Wednesday, April 13th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded Planet Payment from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research note on Wednesday, May 4th. Lake Street Capital lifted their price target on Planet Payment from $4.25 to $4.50 and gave the company a “buy” rating in a research note on Thursday, May 5th. Finally, Ladenburg Thalmann assumed coverage on Planet Payment in a research note on Monday, July 11th. They issued a “buy” rating and a $6.20 price target on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Planet Payment currently has an average rating of “Buy” and a consensus price target of $5.15.

The firm has a market cap of $209.68 million and a PE ratio of 24.15. The firm’s 50 day moving average price is $4.20 and its 200-day moving average price is $3.57.

Planet Payment (NASDAQ:PLPM) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Analysts anticipate that Planet Payment Inc. will post $0.16 EPS for the current year.

In other Planet Payment news, Director Jonathan Kaiden sold 11,970 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $4.50, for a total transaction of $53,865.00. Following the transaction, the director now owns 120,890 shares of the company’s stock, valued at approximately $544,005. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in 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 increased its position in 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 increased its position in 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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