Somewhat Positive Media Coverage Somewhat Unlikely to Affect Planet Payment (PLPM) Stock Price

Media coverage about Planet Payment (NASDAQ:PLPM) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Planet Payment earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the credit services provider an impact score of 45.5425999019432 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several equities analysts have commented on PLPM shares. Northland Securities reiterated a “hold” rating on shares of Planet Payment in a research report on Thursday, December 21st. Zacks Investment Research upgraded shares of Planet Payment from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Tuesday, October 31st. Craig Hallum lowered shares of Planet Payment from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Barrington Research lowered shares of Planet Payment from an “outperform” rating to an “underperform” rating in a research report on Friday, October 27th. Finally, Lake Street Capital lowered shares of Planet Payment from a “buy” rating to a “hold” rating and lowered their price objective for the company from $5.00 to $4.50 in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Planet Payment currently has a consensus rating of “Hold” and a consensus price target of $4.67.

Planet Payment (NASDAQ:PLPM) remained flat at $$4.49 during mid-day trading on Friday. Planet Payment has a 52 week low of $3.10 and a 52 week high of $4.50. The firm has a market cap of $224.00, a price-to-earnings ratio of 9.16 and a beta of 0.61.

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About Planet Payment

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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