Points.com (NASDAQ:PCOM) Downgraded by Northland Securities to “Market Perform”

Points.com (NASDAQ:PCOMGet Rating) (TSE:PTS) was downgraded by stock analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, The Fly reports.

A number of other research firms have also recently weighed in on PCOM. Royal Bank of Canada upped their price target on shares of Points.com from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, March 11th. StockNews.com began coverage on shares of Points.com in a research note on Thursday, May 5th. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Points.com from a “strong sell” rating to a “hold” rating in a report on Thursday, January 20th. Finally, Barrington Research lowered shares of Points.com from an “outperform” rating to an “underperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.25.

Shares of Points.com stock opened at $24.46 on Thursday. Points.com has a 52-week low of $13.98 and a 52-week high of $24.72. The company has a 50 day moving average of $17.56 and a 200 day moving average of $16.95. The company has a market capitalization of $365.51 million, a P/E ratio of -815.33 and a beta of 1.44.

Points.com (NASDAQ:PCOMGet Rating) (TSE:PTS) last issued its quarterly earnings data on Wednesday, March 9th. The information services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Points.com had a negative net margin of 0.09% and a negative return on equity of 0.01%. The business had revenue of $115.11 million during the quarter, compared to the consensus estimate of $115.00 million. As a group, analysts predict that Points.com will post 0.23 EPS for the current year.

A number of institutional investors have recently made changes to their positions in PCOM. QV Investors Inc. bought a new stake in shares of Points.com in the first quarter valued at approximately $13,354,000. Pembroke Management LTD raised its stake in Points.com by 37.7% during the first quarter. Pembroke Management LTD now owns 1,402,229 shares of the information services provider’s stock worth $32,209,000 after acquiring an additional 384,223 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Points.com during the first quarter worth $334,000. Finally, Rice Hall James & Associates LLC raised its stake in Points.com by 1.7% during the first quarter. Rice Hall James & Associates LLC now owns 707,230 shares of the information services provider’s stock worth $13,091,000 after acquiring an additional 11,869 shares in the last quarter. 60.43% of the stock is owned by hedge funds and other institutional investors.

About Points.com (Get Rating)

Points.com Inc provides technology solutions to loyalty industry in the United States, Europe, and internationally. It offers Currency Retailing for its members to get more of their currency, whenever they need it; Travel Accrual for its members to book any hotel, car, or activity and earn currency; Everyday Accrual for members to earn currency on day-to-day purchases; Travel Rewards for members to redeem their currency for hotel stays and car rentals; Everyday Rewards for members to redeem their currency for more than travel; and Currency Utility for members to do so much more with currency.

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