Planet Payment Inc. (NASDAQ:PLPM)’s share price reached a new 52-week high on Thursday . The company 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.

A number of equities analysts have recently weighed in on PLPM shares. Lake Street Capital boosted 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. Zacks Investment Research upgraded Planet Payment from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research note on Wednesday, May 4th. Ladenburg Thalmann initiated coverage on Planet Payment in a research note on Monday, July 11th. They issued a “buy” rating and a $6.20 target price for the company. Finally, Northland Securities initiated coverage on Planet Payment in a research note on Wednesday, April 13th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $5.15.

The stock has a market capitalization of $238.62 million and a PE ratio of 27.49. The stock’s 50 day moving average price is $4.20 and its 200-day moving average price is $3.60.

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

In other Planet Payment news, Director Jonathan Kaiden sold 11,970 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $4.50, for a total transaction of $53,865.00. Following the completion of the transaction, the director now directly owns 120,890 shares of the company’s stock, valued at approximately $544,005. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

An institutional investor recently raised its position in Planet Payment stock. Dimensional Fund Advisors LP boosted its position in shares of Planet Payment Inc. (NASDAQ:PLPM) by 77.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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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