Planet Payment Insider Sells $15,624 in Stock (PLPM)
Planet Payment (NASDAQ:PLPM) Insider Jason Taylor sold 5,208 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $3.00, for a total value of $15,624.00. Following the transaction, the insider now directly owns 1,782 shares in the company, valued at approximately $5,346. The transaction was disclosed in a filing with the SEC, 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 on Wednesday, May 14th. Analysts at Zacks upgraded shares of Planet Payment from an “underperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $2.20 price target on the stock.
Planet Payment (NASDAQ:PLPM) traded down 1.00% during mid-day trading on Tuesday, hitting $2.9699. 1,514 shares of the company’s stock traded hands. Planet Payment has a one year low of $1.97 and a one year high of $4.03. The stock’s 50-day moving average is $2.54 and its 200-day moving average is $2.84. The company’s market cap is $158.7 million.
Planet Payment (NASDAQ:PLPM) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.01) EPS for the quarter. On average, analysts predict that Planet Payment will post $0.06 earnings per share for the current fiscal year.
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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