Royal Bank of Canada Increases Points International (PCOM) Price Target to $21.00

Points International (NASDAQ:PCOM) (TSE:PTS) had its target price boosted by Royal Bank of Canada from $20.00 to $21.00 in a report published on Monday, BayStreet.CA reports. They currently have an outperform rating on the information services provider’s stock.

Separately, TheStreet raised Points International from a c+ rating to a b rating in a research report on Wednesday, March 27th.

NASDAQ:PCOM opened at $11.91 on Monday. The firm has a market cap of $159.33 million, a P/E ratio of 24.74 and a beta of 1.11. Points International has a 1-year low of $8.30 and a 1-year high of $18.48.



Points International (NASDAQ:PCOM) (TSE:PTS) last posted its quarterly earnings results on Thursday, May 9th. The information services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $95.94 million for the quarter. Points International had a net margin of 1.90% and a return on equity of 18.52%.

A number of hedge funds have recently modified their holdings of PCOM. Globeflex Capital L P acquired a new position in Points International in the 4th quarter worth about $586,000. AJO LP increased its position in Points International by 15.4% in the 1st quarter. AJO LP now owns 299,027 shares of the information services provider’s stock worth $4,019,000 after purchasing an additional 39,965 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Points International by 30.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 90,813 shares of the information services provider’s stock worth $904,000 after purchasing an additional 20,984 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Points International by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 76,830 shares of the information services provider’s stock worth $764,000 after purchasing an additional 1,832 shares during the last quarter. 51.35% of the stock is currently owned by institutional investors.

About Points International

Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Europe, and internationally. It operates through three segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment provides products and services designed to help loyalty program members unlock the value of their loyalty currency and accelerate the time to a reward.

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