Somewhat Positive Press Coverage Somewhat Unlikely to Affect Points International (PCOM) Share Price
News articles about Points International (NASDAQ:PCOM) (TSE:PTS) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Points International earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 47.7645746013991 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Points International (NASDAQ PCOM) traded down $0.32 during trading hours on Wednesday, hitting $11.42. The stock had a trading volume of 68,700 shares, compared to its average volume of 81,106. The stock has a market cap of $172.44, a price-to-earnings ratio of 50.25 and a beta of 1.04. Points International has a 52-week low of $6.28 and a 52-week high of $12.40.
Points International announced that its board has approved a stock repurchase program on Wednesday, August 9th that authorizes the company to repurchase 740,000 shares. This repurchase authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Several research firms have recently weighed in on PCOM. B. Riley reissued 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 issued a $15.00 price objective on shares of Points International in a research note on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $13.50.
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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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