Planet Payment Inc. (NASDAQ:PLPM) was down 3.7% during trading on Wednesday . The company traded as low as $4.66 and last traded at $4.68, with a volume of 242,632 shares trading hands. The stock had previously closed at $4.86.

A number of equities research analysts have recently commented on PLPM shares. Northland Securities started coverage on shares of Planet Payment in a research note on Wednesday, April 13th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered shares of Planet Payment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Lake Street Capital boosted their target price on shares of Planet Payment from $4.25 to $4.50 and gave the company a “buy” rating in a research report on Thursday, May 5th. Finally, Ladenburg Thalmann assumed coverage on shares of Planet Payment in a research report on Monday, July 11th. They set a “buy” rating and a $6.20 target price on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Planet Payment currently has an average rating of “Buy” and a consensus price target of $5.15.

The stock’s 50-day moving average price is $4.25 and its 200-day moving average price is $3.66. The company has a market cap of $241.67 million and a P/E ratio of 27.84.

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

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

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

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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