Planet Payment Inc (NASDAQ:PLPM) has received a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $4.75.

Several equities research analysts recently commented on the stock. Northland Securities reissued a “hold” rating on shares of Planet Payment in a research note on Thursday, December 21st. Zacks Investment Research lowered shares of Planet Payment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Barrington Research lowered shares of Planet Payment from an “outperform” rating to an “underperform” rating in a research note on Friday, October 27th. Craig Hallum lowered shares of Planet Payment from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Lake Street Capital lowered shares of Planet Payment from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $5.00 to $4.50 in a research note on Friday, October 27th.

Shares of Planet Payment (PLPM) remained flat at $$4.49 during midday trading on Wednesday. Planet Payment has a 1 year low of $3.10 and a 1 year high of $4.50. The stock has a market cap of $224.00, a P/E ratio of 9.16 and a beta of 0.61.

Large investors have recently bought and sold shares of the stock. Discovery Group I LLC boosted its stake in Planet Payment by 28.7% during the third quarter. Discovery Group I LLC now owns 4,770,577 shares of the credit services provider’s stock worth $20,466,000 after acquiring an additional 1,063,590 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Planet Payment by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,128,486 shares of the credit services provider’s stock worth $3,724,000 after acquiring an additional 168,041 shares in the last quarter. Algert Global LLC lifted its stake in shares of Planet Payment by 191.2% in the third quarter. Algert Global LLC now owns 160,100 shares of the credit services provider’s stock worth $687,000 after buying an additional 105,126 shares in the last quarter. Fondren Management LP bought a new position in shares of Planet Payment in the second quarter worth approximately $512,000. Finally, P.A.W. Capital Corp lifted its stake in shares of Planet Payment by 4.8% in the third quarter. P.A.W. Capital Corp now owns 650,000 shares of the credit services provider’s stock worth $2,789,000 after buying an additional 30,000 shares in the last quarter. 52.97% of the stock is currently owned by institutional investors and hedge funds.

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Planet Payment Company Profile

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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