Planet Payment (PLPM) Earning Somewhat Positive News Coverage, Study Shows

Headlines about Planet Payment (NASDAQ:PLPM) have been trending somewhat positive on Friday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Planet Payment earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the credit services provider an impact score of 46.1980425874953 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Planet Payment (NASDAQ:PLPM) opened at $4.49 on Friday. The firm has a market cap of $224.00, a price-to-earnings ratio of 9.16 and a beta of 0.61. Planet Payment has a 1-year low of $3.10 and a 1-year high of $4.50.

A number of brokerages recently issued reports on PLPM. Northland Securities lowered shares of Planet Payment to a “hold” rating and set a $4.50 target price on the stock. in a research report on Sunday, October 29th. Lake Street Capital lowered shares of Planet Payment from a “buy” rating to a “hold” rating and decreased their price target for the company from $5.00 to $4.50 in a report on Friday, October 27th. Barrington Research lowered shares of Planet Payment from an “outperform” rating to an “underperform” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Planet Payment from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Craig Hallum lowered shares of Planet Payment from a “buy” rating to a “hold” rating in a report on Friday, October 27th. One investment 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 currently has a consensus rating of “Hold” and a consensus price target of $4.67.

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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.

Insider Buying and Selling by Quarter for Planet Payment (NASDAQ:PLPM)

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