Insider Selling: Jason Taylor Sells 5,208 Shares of Planet Payment Stock (PLPM)
Planet Payment (NASDAQ:PLPM) Insider Jason Taylor unloaded 5,208 shares of Planet Payment stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $2.85, for a total transaction of $14,842.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
PLPM has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Planet Payment from a “hold” rating to a “sell” rating in a research note to investors on Friday, December 6th. Analysts at Canaccord Genuity cut their price target on shares of Planet Payment from $250.00 to $225.00 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock.
Shares of Planet Payment (NASDAQ:PLPM) traded up 4.91% during mid-day trading on Friday, hitting $2.99. The stock had a trading volume of 1,928,908 shares. Planet Payment has a 1-year low of $1.97 and a 1-year high of $3.74. The stock has a 50-day moving average of $2.37 and a 200-day moving average of $2.56. The company’s market cap is $158.6 million.
Planet Payment (NASDAQ:PLPM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.03. The company had revenue of $10.50 million for the quarter, compared to the consensus estimate of $12.25 million.
Planet Group, Inc, also known as Planet Payment, is a United States-based company that provides currency conversion and multi-currency processing services.
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