Planet Payment Inc. (NASDAQ:PLPM) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $4.84 and last traded at $4.73, with a volume of 580,814 shares. The stock had previously closed at $4.53.

PLPM has been the topic of several analyst reports. Northland Securities initiated coverage on Planet Payment in a report on Wednesday, April 13th. They set an “outperform” rating on the stock. Ladenburg Thalmann initiated coverage on Planet Payment in a report on Monday, July 11th. They set a “buy” rating and a $6.20 price target 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 report on Wednesday, May 4th. Finally, Lake Street Capital lifted their price target on Planet Payment from $4.25 to $4.50 and gave the stock a “buy” rating in a report on Thursday, May 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $5.15.

The stock’s 50 day moving average is $4.21 and its 200 day moving average is $3.62. The company has a market cap of $240.65 million and a PE ratio of 27.72.

Planet Payment (NASDAQ:PLPM) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.03. Equities research analysts predict 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 the company’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $4.51, for a total value of $71,618.80. Following the sale, the director now owns 105,010 shares of the company’s stock, valued at $473,595.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A hedge fund recently raised its stake in Planet Payment stock. P.A.W. Capital Corp boosted its stake in shares of Planet Payment Inc. (NASDAQ:PLPM) by 43.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 575,000 shares of the company’s stock after buying an additional 175,000 shares during the period. Planet Payment makes up 2.0% of P.A.W. Capital Corp’s holdings, making the stock its 18th largest position. P.A.W. Capital Corp owned 1.12% of Planet Payment worth $1,754,000 as of its most recent SEC filing.

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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