Planet Payment Inc (PLPM) was Initiated by Ladenburg Thalmann to “Buy” and the brokerage firm has set the Price Target at $6.20. Ladenburg Thalmann advised their investors in a research report released on Jul 11, 2016.
Many Wall Street Analysts have commented on Planet Payment Inc. Company shares were Reiterated by Lake Street on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 4.50 from a previous price target of $4.25 .Planet Payment Inc was Initiated by Northland Capital to “Outperform” on Apr 13, 2016.
Planet Payment Inc opened for trading at $3.97 and hit $4.095 on the upside on Friday, eventually ending the session at $4.04, with a gain of 2.54% or 0.1 points. The heightened volatility saw the trading volume jump to 2,41,512 shares. Company has a market cap of $202 M.
In a different news, on May 26, 2016, Jonathan Kaiden (director) sold 3,715 shares at $4.51 per share price. According to the SEC, on Nov 13, 2015, Cameron R M Mccoll (director) sold 50,000 shares at $2.67 per share price.
Planet Payment Inc. is a provider of international payment and transaction processing and multi-currency processing services. The Company manages its business through two segments: Multi-currency processing services which includes Pay In Your Currency and Shop In Your Currency enables merchants to offer customized pricing in multiple currencies and payment processing services comprising authorization capture clearing and settlement services. The Company also offers non-financial transaction processing services that allow merchants to offer a range of commercial services including pre-paid mobile phone top-up and bill payments using the same point-of-sale devices deployed to accept payment cards. The Company provides its services to approximately 93000 active merchant locations in 23 countries and territories across the Asia Pacific region Americas the Middle East Africa and Europe.