Planet Payment (PLPM) Receives Coverage Optimism Score of 0.11

Headlines about Planet Payment (NASDAQ:PLPM) have trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of 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 0.11 on Accern’s scale. Accern also gave news coverage about the credit services provider an impact score of 45.9059959831257 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern’s analysis:

A number of analysts recently commented on the company. Zacks Investment Research lowered Planet Payment from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Lake Street Capital cut Planet Payment from a “buy” rating to a “hold” rating and reduced their price target for the company from $5.00 to $4.50 in a research report on Friday, October 27th. Barrington Research cut Planet Payment from an “outperform” rating to an “underperform” rating in a research report on Friday, October 27th. Northland Securities cut Planet Payment to a “hold” rating and set a $4.50 price target for the company. in a research report on Sunday, October 29th. Finally, Craig Hallum cut Planet Payment from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $4.67.

Planet Payment (PLPM) remained flat at $$4.48 on Wednesday. The stock had a trading volume of 556,700 shares, compared to its average volume of 333,450. Planet Payment has a 12-month low of $3.10 and a 12-month high of $4.64. The stock has a market capitalization of $224.05, a PE ratio of 26.35 and a beta of 0.63.

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Planet Payment Company Profile

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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