Points International Ltd (NASDAQ:PCOM) (TSE:PTS) was upgraded by investment analysts at TheStreet from a “d” rating to a “c-” rating in a report issued on Monday, May 15th.
PCOM has been the topic of a number of other reports. Royal Bank of Canada set a $13.00 target price on Points International and gave the stock a “buy” rating in a research report on Thursday, March 9th. Zacks Investment Research cut shares of Points International from a “hold” rating to a “sell” rating in a research note on Wednesday, March 8th. Finally, B. Riley restated a “buy” rating and set a $12.00 price target on shares of Points International in a research note on Saturday, May 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.00.
Points International (PCOM) opened at 9.57 on Monday. Points International has a 52 week low of $6.28 and a 52 week high of $10.79. The stock’s 50 day moving average price is $9.55 and its 200 day moving average price is $8.00. The firm’s market capitalization is $141.60 million. Points International (NASDAQ:PCOM) (TSE:PTS) last released its earnings results on Wednesday, March 8th. The information services provider reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Points International had a return on equity of 7.02% and a net margin of 0.97%. The business had revenue of $81.96 million for the quarter, compared to the consensus estimate of $87.85 million. On average, equities analysts expect that Points International will post $0.30 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its position in shares of Points International by 58.3% in the third quarter. Acrospire Investment Management LLC now owns 11,554 shares of the information services provider’s stock worth $104,000 after buying an additional 4,254 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Points International during the first quarter worth $120,000. Morgan Stanley raised its position in shares of Points International by 77.0% in the first quarter. Morgan Stanley now owns 32,438 shares of the information services provider’s stock worth $250,000 after buying an additional 14,116 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Points International during the fourth quarter worth $338,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Points International during the first quarter worth $378,000. 39.84% of the stock is owned by institutional investors. About Points International