Points International, Ltd. (NASDAQ:PCOM) (TSE:PTS) posted its quarterly earnings results on Wednesday. The information services provider reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05, Morningstar.com reports. Points International had a negative net margin of 0.47% and a positive return on equity of 7.94%. The company had revenue of $85.77 million during the quarter, compared to analysts’ expectations of $79.84 million.
Shares of Points International (NASDAQ PCOM) traded up 2.76% on Thursday, hitting $8.20. 124,452 shares of the stock traded hands. Points International has a 12-month low of $6.28 and a 12-month high of $10.79. The firm’s 50-day moving average is $8.47 and its 200 day moving average is $8.36. The firm’s market cap is $121.33 million.
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Points International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 9th that authorizes the company to repurchase 740,000 shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
PCOM has been the subject of several analyst reports. B. Riley reiterated a “buy” rating and set a $12.00 price target on shares of Points International in a report on Wednesday. TheStreet upgraded shares of Points International from a “d” rating to a “c-” rating in a report on Monday, May 15th. Zacks Investment Research cut shares of Points International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine upgraded shares of Points International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada boosted their price target on shares of Points International from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $13.00.
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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