Points International, Ltd. (NASDAQ:PCOM) (TSE:PTS)‘s stock had its “buy” rating reissued by equities research analysts at B. Riley in a report issued on Monday. They presently have a $12.00 target price on the information services provider’s stock. B. Riley’s target price indicates a potential upside of 41.84% from the company’s previous close.

A number of other brokerages have also weighed in on PCOM. Zacks Investment Research upgraded 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. Royal Bank Of Canada boosted their price objective on shares of Points International from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. TheStreet raised shares of Points International from a “d” rating to a “c-” rating in a research report on Monday, May 15th. Finally, ValuEngine raised shares of Points International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Points International has a consensus rating of “Buy” and a consensus target price of $13.00.

Shares of Points International (NASDAQ:PCOM) traded up 3.55% during trading on Monday, reaching $8.46. The company’s stock had a trading volume of 57,818 shares. Points International has a one year low of $6.28 and a one year high of $10.79. The firm’s 50-day moving average price is $8.42 and its 200-day moving average price is $8.36. The company’s market capitalization is $123.85 million.

Points International (NASDAQ:PCOM) (TSE:PTS) last announced its earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business 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%. On average, equities analysts anticipate that Points International will post $0.26 earnings per share for the current year.

Points International announced that its Board of Directors has initiated a share repurchase plan on Wednesday, August 9th that allows the company to buyback 740,000 shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/14/points-international-ltd-pcom-receives-buy-rating-from-b-riley.html.

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased 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 during the last quarter. Acrospire Investment Management LLC increased its stake 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. New York State Common Retirement Fund increased its stake in shares of Points International by 47.7% in the second quarter. New York State Common Retirement Fund now owns 18,148 shares of the information services provider’s stock worth $164,000 after buying an additional 5,858 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Points International by 2.1% in the first quarter. Renaissance Technologies LLC now owns 354,700 shares of the information services provider’s stock worth $2,738,000 after buying an additional 7,140 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of 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 worth $533,000 after buying an additional 15,115 shares during the last quarter. 37.85% of the stock is owned by hedge funds and other institutional investors.

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.

Receive News & Ratings for Points International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Points International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.