Somewhat Negative Media Coverage Very Likely to Affect Planet Payment (PLPM) Stock Price

News headlines about Planet Payment (NASDAQ:PLPM) have trended somewhat negative this week, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Planet Payment earned a news impact score of -0.09 on Alpha One’s scale. Alpha One also assigned media headlines about the credit services provider an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Alpha One Sentiment’s scoring:

Separately, Zacks Investment Research raised Planet Payment from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Saturday, March 11th.

Planet Payment (NASDAQ:PLPM) last announced its earnings results on Tuesday, May 9th. The credit services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by $0.01. The business had revenue of $12.73 million during the quarter, compared to analyst estimates of $13.76 million. Planet Payment had a return on equity of 30.50% and a net margin of 21.40%. The firm’s revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share.

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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.

12 Month Chart for NASDAQ:PLPM

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