Short traders are more bullish on shares of the company recently as shown by the change in short interest. The stock realized a fall in short interest of -11.35% as of the latest report on August 31, 2017. Short interest decreased from 569,032 to 504,430 over that timeframe. With short interest at 504,430 and short average daily volume at 293,118, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.01% as of August 31.
These firms have modified their investment in PLPM. As of the end of the quarter Squarepoint Ops LLC had sold 2,129 shares trimming its position 7.3%. The value of the total investment in Planet Payment, Inc. decreased from $115,000 to $89,000 decreasing 22.6% for the reporting period. As of quarter end Allianz Asset Management Gmbh had disposed of a total of 20,549 shares trimming its holdings by 3.0%. The value of the investment in Planet Payment, Inc. went from $2,769,000 to $2,228,000 a change of 19.5% quarter over quarter.
As of the end of the quarter Legato Capital Management LLC had acquired 68,561 shares growing its stake by 890.5%. The value of the investment in (PLPM) went from $31,000 to $252,000 a change of $221,000 since the last quarter. As of quarter end Two Sigma Advisers, Lp had bought 9,600 shares growing its stake by 20.7%. The value of the investment in PLPM decreased from $184,000 to $184,000 decreasing 0.0% quarter to quarter.
The company is trading up since yesterday’s close of 4.42. It is currently trading at $4.48 a great deal higher than the 50 day moving average of $3.74 and which is significantly above the 200 day moving average of $3.73. The 50 day moving average went up $0.74 or +19.79% and the 200 day average moved up $0.75.
Planet Payment, Inc.’s P/E ratio is 9.87 and market cap is 220.59M. In the latest earnings report the EPS was $0.45 and is estimated to be $0.17 for the current year with 49,238,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.07 and the next full year EPS is projected to be $0.21.
Planet Payment, Inc., together with its subsidiaries, provides international payment and transaction processing, and multi-currency processing services in the Asia Pacific region, the Americas, the Middle East, Africa, and Europe. The company offers payment processing services that enable the authorization and settlement of payment transactions by providing the connections between the merchant, its bank, and the card association; and online access to advanced reconciliation and reporting services, as well as localized language support to its customers. Its flagship offerings include multi-currency processing services, such as Pay in Your Currency, a point-of-sale dynamic currency conversion (DCC) service, and Multi-Currency Pricing primarily for card-not-present merchants and DCC at ATMs that enable merchants to offer customized pricing in multiple currencies. The company also provides Planet Payment Gateway, which provides domestic and multi-currency processing services; global consolidated reporting and data analytics that offer merchants with insights into their operations; and non-financial transaction processing services, which allow merchants to provide a range of commercial services, including pre-paid mobile phone top-up and bill payments using the same point-of-sale devices deployed to accept payment cards. It distributes and cross sells its services through various points-of-sale and e-commerce payment channels in the hospitality, restaurants, and retail environments. The company was formerly known as Planet Group Inc. and changed its name to Planet Payment, Inc. in June 2007. Planet Payment, Inc. was founded in 1999 and is headquartered in Long Beach, New York..