A number of other analysts have also commented on the company. Zacks Investment Research upgraded Planet Payment from a hold rating to a buy rating and set a $5.00 price target on the stock in a report on Tuesday, October 31st. Craig Hallum lowered Planet Payment from a buy rating to a hold rating in a research note on Friday, October 27th. Barrington Research lowered Planet Payment from an outperform rating to an underperform rating in a research note on Friday, October 27th. Finally, Lake Street Capital lowered Planet Payment from a buy rating to a hold rating and lowered their target price for the company from $5.00 to $4.50 in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $4.67.
Shares of Planet Payment (NASDAQ:PLPM) remained flat at $$4.49 during trading on Thursday. The company’s stock had a trading volume of 288,500 shares, compared to its average volume of 325,013. The firm has a market capitalization of $224.55, a P/E ratio of 9.55 and a beta of 0.62. Planet Payment has a twelve month low of $3.10 and a twelve month high of $4.50.
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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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