Planet Payment Inc. (NASDAQ:PLPM) shares were up 2.8% on Friday . The stock traded as high as $4.79 and last traded at $4.77, with a volume of 237,277 shares. The stock had previously closed at $4.64.

Several analysts recently issued reports on PLPM shares. Northland Securities started coverage on Planet Payment in a report on Wednesday, April 13th. They issued an “outperform” rating for the company. Ladenburg Thalmann started coverage on Planet Payment in a report on Monday, July 11th. They issued a “buy” rating and a $6.20 price target for the company. Zacks Investment Research upgraded Planet Payment from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Wednesday, May 4th. Finally, Lake Street Capital increased their price target on Planet Payment from $4.25 to $4.50 and gave the company a “buy” rating in a report on Thursday, May 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Planet Payment presently has an average rating of “Buy” and a consensus target price of $5.15.

The company has a market capitalization of $240.65 million and a PE ratio of 27.72. The stock’s 50 day moving average is $4.20 and its 200 day moving average is $3.60.

Planet Payment (NASDAQ:PLPM) last posted its quarterly earnings results 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. Analysts anticipate that Planet Payment Inc. will post $0.16 earnings per share for the current year.

In other Planet Payment news, Director Jonathan Kaiden sold 15,880 shares of Planet Payment stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $4.51, for a total transaction of $71,618.80. Following the transaction, the director now directly owns 105,010 shares in the company, valued at approximately $473,595.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

An institutional investor recently raised its position in Planet Payment stock. Dimensional Fund Advisors LP boosted its stake in Planet Payment Inc. (NASDAQ:PLPM) by 77.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 355,027 shares of the company’s stock after buying an additional 155,137 shares during the period. Dimensional Fund Advisors LP owned about 0.69% of Planet Payment worth $1,083,000 at the end of the most recent 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.