Noteworthy Price Action: Could Planet Payment Inc Change Direction After Today’s Huge Increase?

Noteworthy Price Action: Could Planet Payment Inc Change Direction After Today's Huge Increase?

The stock of Planet Payment Inc (NASDAQ:PLPM) is a huge mover today! About 361,041 shares traded hands or 70.78% up from the average. Planet Payment Inc (NASDAQ:PLPM) has declined 0.50% since April 28, 2016 and is downtrending. It has underperformed by 6.42% the S&P500.
The move comes after 7 months positive chart setup for the $189.48 million company. It was reported on Dec, 1 by Barchart.com. We have $4.20 PT which if reached, will make NASDAQ:PLPM worth $9.47M more.

Analysts await Planet Payment Inc (NASDAQ:PLPM) to report earnings on March, 1. They expect $0.06 EPS, up 100.00% or $0.03 from last year’s $0.03 per share. PLPM’s profit will be $2.84M for 16.67 P/E if the $0.06 EPS becomes a reality. After $0.04 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 0.98 in 2016 Q2. Its down 0.99, from 1.97 in 2016Q1. The ratio worsened, 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 Grp Ltd has 0% invested in the company for 13,515 shares. Hillsdale Invest Management has invested 0.11% of its portfolio in Planet Payment Inc (NASDAQ:PLPM). Herald Investment Management Ltd last reported 1.66% of its portfolio in the stock. White Pine Capital Ltd Liability Corp last reported 251,276 shares in the company. Blackrock Ltd Liability Com last reported 112,759 shares in the company. National Bank & Trust Of Ny Mellon Corp holds 0% of its portfolio in Planet Payment Inc (NASDAQ:PLPM) for 138,336 shares. Geode Cap Limited Liability holds 0% of its portfolio in Planet Payment Inc (NASDAQ:PLPM) for 359,265 shares. Mckinley Cap Management Ltd Liability Company Delaware last reported 683,877 shares in the company. Oxford Asset Mngmt accumulated 0.08% or 425,197 shares. Fincl Bank Of America Corporation De has invested 0% of its portfolio in Planet Payment Inc (NASDAQ:PLPM). International Gru holds 0% of its portfolio in Planet Payment Inc (NASDAQ:PLPM) for 24,373 shares. Value Holding Ltd Partnership holds 0.06% of its portfolio in Planet Payment Inc (NASDAQ:PLPM) for 19,200 shares. Metropolitan Life Ny, a New York-based fund reported 34,652 shares. Blackrock Inv Management Limited Liability Company accumulated 0% or 163,379 shares. Wellington Mgmt Ltd Liability Partnership, a Massachusetts-based fund reported 1.48 million shares.

More news for Planet Payment Inc (NASDAQ:PLPM) were recently published by: Profitconfidential.com, which released: “Planet Payment Inc: Does This Stock Have Triple-Digit Upside?” on July 10, 2016. Globenewswire.com‘s article titled: “Planet Payment, Inc. Announces Its Intention to Commence a $15 Million …” and published on March 10, 2016 is yet another important article.

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