Planet Payment (PLPM) Given Media Impact Rating of 0.13

Media coverage about Planet Payment (NASDAQ:PLPM) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Planet Payment earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the credit services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.

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

Separately, Zacks Investment Research upgraded Planet Payment from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Saturday, March 11th.

Shares of Planet Payment (PLPM) traded down 3.27% during trading on Tuesday, hitting $3.25. The stock had a trading volume of 230,542 shares. The firm has a 50-day moving average price of $3.73 and a 200 day moving average price of $4.02. Planet Payment has a 52 week low of $2.75 and a 52 week high of $4.97. The company has a market capitalization of $158.98 million, a PE ratio of 7.37 and a beta of 0.66.

Planet Payment (NASDAQ:PLPM) last announced its earnings results on Tuesday, May 9th. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. Planet Payment had a return on equity of 28.86% and a net margin of 46.33%. The firm had revenue of $12.73 million during the quarter, compared to the consensus estimate of $13.76 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s revenue was down 6.9% on a year-over-year basis. Equities analysts anticipate that Planet Payment will post $0.17 earnings per share for the current year.

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About Planet Payment

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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