Notable Reporting: Time to Buy Planet Payment Inc After Today’s Big Increase?

Notable Reporting: Time to Buy Planet Payment Inc After Today's Big Increase?

The stock of Planet Payment Inc (NASDAQ:PLPM) is a huge mover today! About 114,826 shares traded hands. Planet Payment Inc (NASDAQ:PLPM) has declined 6.98% since March 29, 2016 and is downtrending. It has underperformed by 10.46% the S&P500.
The move comes after 8 months positive chart setup for the $179.00M company. It was reported on Oct, 31 by Barchart.com. We have $7.39 PT which if reached, will make NASDAQ:PLPM worth $198.69M more.

Analysts await Planet Payment Inc (NASDAQ:PLPM) to report earnings on November, 2. PLPM’s profit will be $1.53 million for 29.17 P/E if the $0.03 EPS becomes a reality. After $0.02 actual EPS reported by Planet Payment Inc for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

According to Zacks Investment Research, “Planet Payment, Inc. is a provider of international payment processing and multi-currency processing services. It operates in two segments: processing solutions and merchant solutions. The company’s processing solutions include secure payment processing, multi-currency authorization and capture processing, clearing and settlement, acquirer reconciliation and reporting, POS, banking ATMs services and risk management services. Its Merchant solutions comprises of multi-currency payment solutions; online payment solutions designed for e-commerce, MICROS payment gateway, POS solutions, payments reporting, data analytics services and global merchant solutions, as well as fraud and security services. It offers its services primarily to Asia Pacific region, North America, Latin America, the Middle East, Africa, and Europe. Planet Payment, Inc. is headquartered in Long Beach, New York.”

Insitutional Activity: The institutional sentiment decreased to 1.97 in Q2 2016. Its down 0.17, from 2.14 in 2016Q1. The ratio is negative, as 14 funds sold all Planet Payment Inc shares owned while 18 reduced positions. 36 funds bought stakes while 27 increased positions. They now own 25.58 million shares or 30.52% more from 19.60 million shares in 2016Q1.
Blackrock Institutional Tru Na holds 1.30 million shares or 0% of its portfolio. Comml Bank Of America De holds 0% of its portfolio in Planet Payment Inc (NASDAQ:PLPM) for 226,308 shares. Deutsche Savings Bank Ag holds 0% or 98,163 shares in its portfolio. Federated Pa holds 0% of its portfolio in Planet Payment Inc (NASDAQ:PLPM) for 3,087 shares. Numeric Invsts Ltd Liability Corporation last reported 0.02% of its portfolio in the stock. Hillsdale Inc last reported 83,463 shares in the company. California Public Employees Retirement has 58,900 shares for 0% of their US portfolio. Moreover, Mckinley Cap Management Lc Delaware has 0.15% invested in Planet Payment Inc (NASDAQ:PLPM) for 683,877 shares. Menta Capital Limited Co accumulated 43,520 shares or 0.03% of the stock. Blackrock Ltd has invested 0% of its portfolio in Planet Payment Inc (NASDAQ:PLPM). Eam Investors Ltd Llc has 806,619 shares for 0.54% of their US portfolio. Thompson Siegel & Walmsley Ltd Liability Corporation last reported 6,600 shares in the company. Blackrock Fund Advsrs has 1.10M shares for 0% of their US portfolio. Wells Fargo Mn holds 44,300 shares or 0% of its portfolio. Blackrock owns 18,817 shares or 0% of their US portfolio.

Insider Transactions: Since May 18, 2016, the stock had 0 buys, and 4 insider sales for $175,922 net activity. Kaiden Jonathan sold 7,500 shares worth $33,763.

More notable recent Planet Payment Inc (NASDAQ:PLPM) news were published by: Profitconfidential.com which released: “Planet Payment Inc: Does This Stock Have Triple-Digit Upside?” on July 10, 2016, also Globenewswire.com with their article: “Planet Payment, Inc. Announces Its Intention to Commence a $15 Million …” published on March 10, 2016, Seekingalpha.com published: “Planet Payment Is About Ready To Take Off” on December 29, 2015. More interesting news about Planet Payment Inc (NASDAQ:PLPM) were released by: Globenewswire.com and their article: “Planet Payment® to Announce Q3 Results on November 2, 2016” published on October 12, 2016 as well as Seekingalpha.com‘s news article titled: “Planet Payment’s (PLPM) CEO Carl Williams on Q2 2016 Results – Earnings Call …” with publication date: August 04, 2016.

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