Planet Payment Inc. (NASDAQ:PLPM) traded down 3.9% during mid-day trading on Tuesday . The stock traded as low as $3.98 and last traded at $3.99, with a volume of 407,948 shares traded. The stock had previously closed at $4.15.

Several brokerages have weighed in on PLPM. Ladenburg Thalmann began coverage on Planet Payment in a research note on Monday, July 11th. They set a “buy” rating and a $6.20 price objective on the stock. Lake Street Capital boosted their price objective on Planet Payment from $4.25 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Zacks Investment Research cut Planet Payment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Northland Securities began coverage on Planet Payment in a research note on Wednesday, April 13th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $5.15.

The company’s 50-day moving average price is $4.19 and its 200-day moving average price is $3.59. The firm has a market cap of $202.58 million and a PE ratio of 23.33.

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

In other news, Director Jonathan Kaiden sold 7,500 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $4.50, for a total transaction of $33,750.00. Following the sale, the director now directly owns 97,510 shares of the company’s stock, valued at approximately $438,795. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Other large investors have recently bought and sold shares of the company. EAM Investors LLC raised its stake in 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 during the last quarter. Finally, P.A.W. Capital Corp raised its stake 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 valued at $1,754,000 after buying an additional 175,000 shares during 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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