Planet Payment Inc. (NASDAQ:PLPM) traded down 3.7% 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 equities research analysts have weighed in on the company. Ladenburg Thalmann assumed coverage on Planet Payment in a research report on Monday, July 11th. They set a “buy” rating and a $6.20 price target on the stock. Lake Street Capital lifted their price objective on Planet Payment from $4.25 to $4.50 and gave the stock a “buy” rating in a report on Thursday, May 5th. Finally, Zacks Investment Research downgraded Planet Payment from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $5.15.

The company has a 50-day moving average of $4.20 and a 200-day moving average of $3.79. The company has a market cap of $179.06 million and a PE ratio of 22.42.

In related news, Director Jonathan Kaiden sold 15,880 shares of the company’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $4.51, for a total value of $71,618.80. Following the completion of the transaction, the director now owns 105,010 shares of the company’s stock, valued at approximately $473,595.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 disclosure with the Securities and Exchange Commission. 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 approximately 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 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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