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. “
PCOM has been the topic of several other research reports. Royal Bank of Canada raised shares of Points International from a sector perform rating to an outperform rating and lifted their price objective for the stock from $16.00 to $20.00 in a research report on Thursday, May 13th. Barrington Research lifted their price objective on shares of Points International from $18.00 to $22.00 and gave the stock an outperform rating in a research report on Tuesday, May 18th.
Points International (NASDAQ:PCOM) (TSE:PTS) last announced its quarterly earnings data on Wednesday, May 12th. The information services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. The business had revenue of $65.03 million for the quarter, compared to analyst estimates of $56.57 million. Points International had a negative net margin of 3.79% and a negative return on equity of 14.08%. Analysts predict that Points International will post -0.05 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of PCOM. Bank of New York Mellon Corp increased its stake in shares of Points International by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 22,415 shares of the information services provider’s stock worth $341,000 after purchasing an additional 707 shares in the last quarter. Diametric Capital LP purchased a new position in shares of Points International in the fourth quarter worth about $374,000. Burgundy Asset Management Ltd. increased its stake in shares of Points International by 838.1% in the first quarter. Burgundy Asset Management Ltd. now owns 425,111 shares of the information services provider’s stock worth $6,423,000 after purchasing an additional 379,794 shares in the last quarter. Finally, QV Investors Inc. increased its stake in shares of Points International by 29.9% in the first quarter. QV Investors Inc. now owns 884,328 shares of the information services provider’s stock worth $13,369,000 after purchasing an additional 203,400 shares in the last quarter. Hedge funds and other institutional investors own 57.14% of the company’s stock.
Points International Company Profile
Points International Ltd. provides e-commerce and technology solutions to loyalty industry 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, including buy, gift, transfer, reinstate, accelerator and status miles services.
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