Planet Payment Inc. (NASDAQ:PLPM) shares traded down 3.7% during trading on Tuesday . The company traded as low as $3.69 and last traded at $3.69, with a volume of 206,903 shares trading hands. The stock had previously closed at $3.83.

A number of research analysts have recently commented on the company. Ladenburg Thalmann assumed coverage on Planet Payment in a research note on Monday, July 11th. They set a “buy” rating and a $6.20 target price on the stock. Lake Street Capital upped their target price 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, Zacks Investment Research cut Planet Payment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $5.15.

The stock has a 50-day moving average of $4.23 and a 200 day moving average of $3.79. The stock has a market cap of $182.04 million and a P/E ratio of 22.80.

In related news, Director Jonathan Kaiden sold 15,880 shares of Planet Payment stock in a transaction dated 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 directly owns 105,010 shares in the company, valued at approximately $473,595.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A hedge fund recently raised its stake 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 operates through two segments: multi-currency processing services and payment processing services. Its multi-currency processing services segment includes Pay In Your Currency, Multi-Currency Pricing and Dynamic Currency Conversion at automated teller machines, enable merchants to offer customized pricing in multiple currencies.

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