Points International, Ltd. (NASDAQ:PCOM) (TSE:PTS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Points International Ltd. provides a range of e-commerce and technology services to loyalty program operators. It is the owner and operator of Points.com, the world’s leading reward program management Web site. Points.com is an online loyalty program management portal, where consumers can earn, buy, gift, share, swap and redeem miles and points with some of the loyalty programs and retail partners. Developed in partnership with Travelocity, Book with Points is a service, which allows consumers to search for, book and then directly pay for travel reservations using a mix of loyalty currency and cash with no blackout dates or capacity controls. The company has client or strategic operating relationships with the world’s leading loyalty programs. Participating programs include American Airlines AAdvantage program, Aeroplan, AsiaMiles, British Airways Executive Club, Wyndham Rewards, Delta SkyMiles and InterContinental Hotels Group’s Priority Club Rewards. Redemption partners include Amazon.com and Starbucks. “

A number of other equities analysts have also recently issued reports on the company. ValuEngine upgraded Points International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet upgraded Points International from a “d” rating to a “c-” rating in a report on Monday, May 15th. B. Riley reiterated a “buy” rating and set a $12.00 price target on shares of Points International in a report on Saturday, May 6th. Finally, Royal Bank Of Canada lifted their price target on Points International from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, May 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Points International has a consensus rating of “Buy” and an average target price of $13.00.

Shares of Points International (PCOM) opened at 8.99 on Wednesday. The firm’s market cap is $133.02 million. The company’s 50 day moving average price is $9.45 and its 200-day moving average price is $8.26. Points International has a 1-year low of $6.28 and a 1-year high of $10.79.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of Points International during the fourth quarter worth approximately $338,000. Rice Hall James & Associates LLC boosted its stake in shares of Points International by 8.9% in the first quarter. Rice Hall James & Associates LLC now owns 303,292 shares of the information services provider’s stock worth $2,341,000 after buying an additional 24,784 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in shares of Points International by 4.6% in the first quarter. WealthTrust Axiom LLC now owns 843,048 shares of the information services provider’s stock worth $6,508,000 after buying an additional 37,295 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Points International during the first quarter worth $378,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 worth $412,000 after buying an additional 3,697 shares in the last quarter. Institutional investors and hedge funds own 37.86% of the company’s stock.

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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