Several analysts have recently updated their ratings and price targets for Planet Payment (NASDAQ: PLPM):

  • 10/31/2017 – Planet Payment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.00 price target on the stock. According to Zacks, “Planet Payment, Inc. is a provider of international payment processing and multi-currency processing services. It operates in two segments: processing solutions and merchant solutions. The company’s processing solutions include secure payment processing, multi-currency authorization and capture processing, clearing and settlement, acquirer reconciliation and reporting, POS, banking ATMs services and risk management services. Its Merchant solutions comprises of multi-currency payment solutions; online payment solutions designed for e-commerce, MICROS payment gateway, POS solutions, payments reporting, data analytics services and global merchant solutions, as well as fraud and security services. It offers its services primarily to Asia Pacific region, North America, Latin America, the Middle East, Africa, and Europe. Planet Payment, Inc. is headquartered in Long Beach, New York. “
  • 10/29/2017 – Planet Payment was downgraded by analysts at Northland Securities to a “hold” rating. They now have a $4.50 price target on the stock.
  • 10/27/2017 – Planet Payment was downgraded by analysts at Lake Street Capital from a “buy” rating to a “hold” rating. They now have a $4.50 price target on the stock, down previously from $5.00.
  • 10/27/2017 – Planet Payment was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating.
  • 10/27/2017 – Planet Payment was downgraded by analysts at Barrington Research from an “outperform” rating to an “underperform” rating.
  • 10/12/2017 – Planet Payment had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $4.50 price target on the stock.
  • 10/10/2017 – Planet Payment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Planet Payment, Inc. is a provider of international payment processing and multi-currency processing services. It operates in two segments: processing solutions and merchant solutions. The company’s processing solutions include secure payment processing, multi-currency authorization and capture processing, clearing and settlement, acquirer reconciliation and reporting, POS, banking ATMs services and risk management services. Its Merchant solutions comprises of multi-currency payment solutions; online payment solutions designed for e-commerce, MICROS payment gateway, POS solutions, payments reporting, data analytics services and global merchant solutions, as well as fraud and security services. It offers its services primarily to Asia Pacific region, North America, Latin America, the Middle East, Africa, and Europe. Planet Payment, Inc. is headquartered in Long Beach, New York. “
  • 10/4/2017 – Planet Payment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Planet Payment, Inc. is a provider of international payment processing and multi-currency processing services. It operates in two segments: processing solutions and merchant solutions. The company’s processing solutions include secure payment processing, multi-currency authorization and capture processing, clearing and settlement, acquirer reconciliation and reporting, POS, banking ATMs services and risk management services. Its Merchant solutions comprises of multi-currency payment solutions; online payment solutions designed for e-commerce, MICROS payment gateway, POS solutions, payments reporting, data analytics services and global merchant solutions, as well as fraud and security services. It offers its services primarily to Asia Pacific region, North America, Latin America, the Middle East, Africa, and Europe. Planet Payment, Inc. is headquartered in Long Beach, New York. “

Shares of Planet Payment, Inc. (PLPM) opened at $4.47 on Monday. The firm has a market capitalization of $223.48, a PE ratio of 26.29 and a beta of 0.63.

Planet Payment (NASDAQ:PLPM) last issued its quarterly earnings data on Wednesday, August 9th. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $12.50 million for the quarter, compared to analysts’ expectations of $13.56 million. Planet Payment had a return on equity of 25.86% and a net margin of 48.14%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. equities analysts forecast that Planet Payment, Inc. will post 0.17 EPS for the current year.

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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