Planet Payment Director Lady Barbara Thomas Sells 4,400 Shares (PLPM)
Planet Payment (NASDAQ:PLPM) Director Lady Barbara Thomas sold 4,400 shares of Planet Payment stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $2.90, for a total value of $12,760.00. Following the transaction, the director now directly owns 86,818 shares in the company, valued at approximately $251,772. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Planet Payment (NASDAQ:PLPM) traded up 4.23% during mid-day trading on Wednesday, hitting $2.96. 236,444 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 $2.57 and its 200-day moving average is $2.84. The company’s market cap is $158.2 million.
Planet Payment (NASDAQ:PLPM) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.01) earnings per share for the quarter. On average, analysts predict that Planet Payment will post $0.06 earnings per share for the current fiscal year.
A number of research firms have recently commented on PLPM. 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 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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