Points International, Ltd. (NASDAQ:PCOM) (TSE:PTS) has been given an average rating of “Buy” by the six ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $13.50.

Several research analysts recently commented on the stock. B. Riley restated a “buy” rating and set a $12.00 target price 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 target price on shares of Points International in a report on Friday, August 11th.

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A number of hedge funds have recently made changes to their positions in PCOM. Bank of New York Mellon Corp lifted 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. Renaissance Technologies LLC lifted 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. Clearbridge Investments LLC acquired a new stake in Points International in the first quarter valued at $297,000. Russell Investments Group Ltd. lifted 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, Rice Hall James & Associates LLC lifted its stake in Points International by 22.4% in the second quarter. Rice Hall James & Associates LLC now owns 371,168 shares of the information services provider’s stock valued at $3,355,000 after acquiring an additional 67,876 shares during the last quarter. Hedge funds and other institutional investors own 36.81% of the company’s stock.

Shares of Points International (NASDAQ PCOM) traded up $0.13 on Thursday, reaching $11.23. 27,847 shares of the company traded hands, compared to its average volume of 63,413. Points International has a fifty-two week low of $6.28 and a fifty-two week high of $12.40. The firm has a market capitalization of $166.98, a PE ratio of 51.05 and a beta of 1.04.

Points International (NASDAQ:PCOM) (TSE:PTS) last announced its earnings results on Wednesday, August 9th. The information services provider reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $79.84 million. equities research analysts forecast that Points International will post 0.32 EPS for the current fiscal year.

Points International announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 9th that permits the company to repurchase 740,000 shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is 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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