Points International Ltd (NASDAQ:PCOM) (TSE:PTS) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d” rating in a note issued to investors on Thursday, April 13th.
Several other equities research analysts have also commented on PCOM. Royal Bank of Canada set a $16.00 price target on Points International and gave the stock a “buy” rating in a research note on Tuesday, January 3rd. B. Riley reissued a “buy” rating and set a $11.00 price target on shares of Points International in a research note on Monday, March 6th. Finally, Zacks Investment Research downgraded Points International from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $13.00.
Shares of Points International (NASDAQ:PCOM) opened at 9.37 on Thursday. The company’s 50-day moving average price is $8.87 and its 200 day moving average price is $7.77. Points International has a 52 week low of $6.28 and a 52 week high of $10.43. The company’s market cap is $138.64 million.
Points International (NASDAQ:PCOM) last announced its quarterly earnings results on Wednesday, March 8th. The information services provider reported $0.09 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The business had revenue of $81.96 million for the quarter, compared to analyst estimates of $87.85 million. Points International had a return on equity of 7.02% and a net margin of 0.97%. Equities research analysts anticipate that Points International will post $0.30 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC increased its position in shares of Points International by 58.3% in the third quarter. Acrospire Investment Management LLC now owns 11,554 shares of the information services provider’s stock valued at $104,000 after buying an additional 4,254 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Points International during the first quarter valued at about $120,000. Morgan Stanley increased its position in shares of Points International by 77.0% in the first quarter. Morgan Stanley now owns 32,438 shares of the information services provider’s stock valued at $250,000 after buying an additional 14,116 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Points International during the fourth quarter valued at about $338,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Points International during the first quarter valued at about $378,000. Hedge funds and other institutional investors own 39.84% of the company’s stock.
Points International Company Profile
Points International Ltd. (Points) provides a range of e-commerce and technology services to loyalty program operators using a common infrastructure. These services include a range of white label or private branded e-commerce services (Loyalty Currency Services) that enable the sale of loyalty currencies (such as frequent flyer miles, hotel points and credit card points), both retail and wholesale, and support the loyalty program consumer offerings and their back end operations.
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