Points International (NASDAQ:PCOM) Trading Up 7.7%

Points International Ltd. (NASDAQ:PCOM) (TSE:PTS)’s stock price was up 7.7% on Friday . The company traded as high as $14.50 and last traded at $12.90, approximately 191,180 shares changed hands during mid-day trading. An increase of 160% from the average daily volume of 73,600 shares. The stock had previously closed at $11.98.

Separately, Royal Bank of Canada upped their price target on shares of Points International from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th.

The firm has a market capitalization of $184.46 million, a price-to-earnings ratio of 24.18 and a beta of 1.08. The business’s 50 day moving average is $11.70. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.08.

Points International (NASDAQ:PCOM) (TSE:PTS) last released its earnings results on Thursday, May 9th. The information services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Points International had a net margin of 1.90% and a return on equity of 18.64%. The business had revenue of $95.94 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in PCOM. Geode Capital Management LLC raised its holdings in shares of Points International by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 76,830 shares of the information services provider’s stock valued at $764,000 after acquiring an additional 1,832 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of Points International by 20.6% during the first quarter. Wedge Capital Management L L P NC now owns 109,544 shares of the information services provider’s stock valued at $1,472,000 after acquiring an additional 18,731 shares during the period. Finally, AJO LP raised its holdings in shares of Points International by 15.4% during the first quarter. AJO LP now owns 299,027 shares of the information services provider’s stock valued at $4,019,000 after acquiring an additional 39,965 shares during the period. 55.02% of the stock is owned by institutional investors and hedge funds.

Points International Company Profile (NASDAQ:PCOM)

Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Europe, and internationally. It operates through three segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment provides products and services designed to help loyalty program members unlock the value of their loyalty currency and accelerate the time to a reward.

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