Planet Payment (NASDAQ:PLPM)‘s stock had its “hold” rating reaffirmed by stock analysts at Northland Securities in a research report issued to clients and investors on Thursday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Planet Payment from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Tuesday, October 31st. Craig Hallum lowered shares of Planet Payment from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Lake Street Capital lowered shares of Planet Payment from a “buy” rating to a “hold” rating and dropped their price objective for the company from $5.00 to $4.50 in a research note on Friday, October 27th. Finally, Barrington Research lowered shares of Planet Payment from an “outperform” rating to an “underperform” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.67.

Planet Payment (NASDAQ PLPM) opened at $4.49 on Thursday. The firm has a market cap of $224.55, a P/E ratio of 26.41 and a beta of 0.62. Planet Payment has a 12 month low of $3.10 and a 12 month high of $4.50.

A number of institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC increased its stake in Planet Payment by 191.2% in the 3rd quarter. Algert Global LLC now owns 160,100 shares of the credit services provider’s stock valued at $687,000 after buying an additional 105,126 shares during the period. Highbridge Capital Management LLC acquired a new position in Planet Payment in the 3rd quarter valued at approximately $120,000. Discovery Group I LLC increased its stake in shares of Planet Payment by 28.7% during the 3rd quarter. Discovery Group I LLC now owns 4,770,577 shares of the credit services provider’s stock worth $20,466,000 after purchasing an additional 1,063,590 shares during the last quarter. OxFORD Asset Management LLP increased its stake in shares of Planet Payment by 16.5% during the 3rd quarter. OxFORD Asset Management LLP now owns 335,050 shares of the credit services provider’s stock worth $1,444,000 after purchasing an additional 47,468 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Planet Payment by 6.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,198,893 shares of the credit services provider’s stock worth $5,143,000 after purchasing an additional 70,407 shares during the last quarter. Hedge funds and other institutional investors own 52.97% of the company’s stock.

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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.

Analyst Recommendations for Planet Payment (NASDAQ:PLPM)

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