Shares of Planet Payment Inc. (NASDAQ:PLPM) traded down 4.4% during mid-day trading on Thursday . The stock traded as low as $3.92 and last traded at $3.92, with a volume of 150,107 shares changing hands. The stock had previously closed at $4.10.

A number of analysts have recently weighed in on PLPM shares. Zacks Investment Research downgraded Planet Payment from a “buy” rating to a “hold” rating in a research report on Wednesday. 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 report on Thursday, May 5th. TheStreet upgraded Planet Payment from a “hold” rating to a “buy” rating in a research report on Friday, March 18th. Finally, Northland Securities started coverage on Planet Payment in a research report on Wednesday, April 13th. They set an “outperform” rating for the company.

The company has a market capitalization of $200.04 million and a PE ratio of 23.04. The firm’s 50 day moving average price is $4.27 and its 200-day moving average price is $3.52.

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

In related news, Director Jonathan Kaiden sold 15,880 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $4.51, for a total transaction of $71,618.80. Following the completion of the sale, the director now directly owns 105,010 shares of the company’s stock, valued at $473,595.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

An institutional investor recently raised its position in Planet Payment stock. P.A.W. Capital Corp raised its position in shares of Planet Payment Inc. (NASDAQ:PLPM) by 43.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 575,000 shares of the company’s stock after buying an additional 175,000 shares during the period. Planet Payment accounts for about 2.0% of P.A.W. Capital Corp’s investment portfolio, making the stock its 18th largest position. P.A.W. Capital Corp owned about 1.12% of Planet Payment worth $1,754,000 as of its most recent filing with the SEC.

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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