Points International, Ltd. (NASDAQ:PCOM) (TSE:PTS)‘s stock had its “buy” rating restated by equities researchers at Royal Bank Of Canada in a research report issued on Friday. They presently have a $15.00 price target on the information services provider’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 82.93% from the company’s current price.

A number of other analysts have also issued reports on the stock. TheStreet lowered shares of Points International from a “c-” rating to a “d” rating in a research note on Thursday, April 13th. Zacks Investment Research raised shares of Points International from a “sell” rating to a “hold” rating and set a $12.00 target price for the company in a research note on Saturday, May 6th. ValuEngine raised shares of Points International from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, B. Riley reissued a “buy” rating and set a $12.00 target price on shares of Points International in a research note on Saturday, May 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $13.00.

Points International (PCOM) opened at 8.20 on Friday. The company’s market capitalization is $121.33 million. Points International has a one year low of $6.28 and a one year high of $10.79. The firm has a 50-day moving average of $8.45 and a 200 day moving average of $8.36.

Points International (NASDAQ:PCOM) (TSE:PTS) last issued its earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $85.77 million during the quarter, compared to analyst estimates of $79.84 million. Points International had a negative net margin of 0.53% and a positive return on equity of 7.61%. Equities research analysts predict that Points International will post $0.26 earnings per share for the current fiscal year.

Points International announced that its board has authorized a stock repurchase plan on Wednesday, August 9th that permits the company to repurchase 740,000 shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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Several hedge funds have recently added to or reduced their stakes in PCOM. Rice Hall James & Associates LLC increased 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 buying an additional 67,876 shares during the last quarter. Russell Investments Group Ltd. increased 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 buying an additional 15,115 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Points International during the first quarter valued at $297,000. Renaissance Technologies LLC increased 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 buying an additional 7,140 shares during the last quarter. Finally, Cannell Capital LLC increased its stake in Points International by 12.7% in the first quarter. Cannell Capital LLC now owns 966,556 shares of the information services provider’s stock valued at $7,462,000 after buying an additional 108,932 shares during the last quarter. Hedge funds and other institutional investors own 37.36% 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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