Points International, Ltd. (NASDAQ:PCOM) (TSE:PTS) has earned an average rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $13.50.

Several research analysts recently weighed in on PCOM shares. B. Riley restated a “buy” rating and set a $12.00 price target on shares of Points International in a report on Monday, August 14th. Royal Bank Of Canada restated a “buy” rating and set a $15.00 price target on shares of Points International in a report on Friday, August 11th.

Institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its stake in Points International by 47.7% in the second quarter. New York State Common Retirement Fund now owns 18,148 shares of the information services provider’s stock valued at $164,000 after acquiring an additional 5,858 shares during the last quarter. Clearbridge Investments LLC purchased a new position in Points International in the first quarter valued at about $297,000. Bank of New York Mellon Corp boosted its stake in Points International by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 53,380 shares of the information services provider’s stock valued at $412,000 after acquiring an additional 3,697 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Points International by 34.5% in the second quarter. Russell Investments Group Ltd. now owns 58,915 shares of the information services provider’s stock valued at $533,000 after acquiring an additional 15,115 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Points International by 2.1% in the first quarter. Renaissance Technologies LLC now owns 354,700 shares of the information services provider’s stock valued at $2,738,000 after acquiring an additional 7,140 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

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Shares of Points International (NASDAQ:PCOM) traded down $0.16 on Thursday, hitting $10.75. 162,451 shares of the stock were exchanged, compared to its average volume of 94,871. Points International has a 1 year low of $6.28 and a 1 year high of $12.40. The stock has a market capitalization of $155.73, a price-to-earnings ratio of 51.04 and a beta of 1.04.

Points International (NASDAQ:PCOM) (TSE:PTS) last released its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Points International had a negative net margin of 0.53% and a positive return on equity of 7.56%. The business had revenue of $85.77 million for the quarter, compared to analysts’ expectations of $79.84 million. sell-side analysts predict that Points International will post 0.32 earnings per share for the current fiscal year.

Points International declared that its board has authorized a stock repurchase program on Wednesday, August 9th that permits the company to buyback 740,000 outstanding shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

About Points International

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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