Insider Selling: Philip D. Beck Unloads 50,000 Shares of Planet Payment Stock (PLPM)
Planet Payment (NASDAQ:PLPM) Director Philip D. Beck sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $2.58, for a total value of $129,000.00. Following the sale, the director now directly owns 1,884,788 shares in the company, valued at approximately $4,862,753. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on PLPM. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Planet Payment in a research note on Thursday, August 28th. Finally, analysts at TheStreet upgraded shares of Planet Payment from a “sell” rating to a “hold” rating in a research note on Wednesday, June 18th.
Planet Payment (NASDAQ:PLPM) remained flat at $2.52 during trading on Thursday. 67,238 shares of the company’s stock traded hands. Planet Payment has a 1-year low of $2.05 and a 1-year high of $4.03. The stock’s 50-day moving average is $2.46 and its 200-day moving average is $2.70. The company’s market cap is $135.6 million.
Planet Payment (NASDAQ:PLPM) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.03. The company had revenue of $11.90 million for the quarter, compared to the consensus estimate of $11.00 million. During the same quarter last year, the company posted $0.01 earnings per share. On average, analysts predict that Planet Payment will post $0.10 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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