Points.com (NASDAQ:PCOM) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Points.com (NASDAQ:PCOM – Get Rating) (TSE:PTS) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the information services provider’s stock.

Several other research firms have also weighed in on PCOM. Zacks Investment Research raised Points.com from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 20th. Northland Securities lowered Points.com from an “outperform” rating to a “market perform” rating and set a $25.00 price target on the stock. in a research report on Thursday. Royal Bank of Canada boosted their price target on Points.com from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, March 11th. Finally, Barrington Research downgraded Points.com from an “outperform” rating to an “underperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.00.

NASDAQ:PCOM opened at $23.95 on Friday. The firm has a market capitalization of $357.88 million, a price-to-earnings ratio of -798.33 and a beta of 1.44. Points.com has a twelve month low of $13.98 and a twelve month high of $24.72. The stock’s 50 day moving average price is $17.56 and its two-hundred day moving average price is $16.95.

Points.com (NASDAQ:PCOM – Get Rating) (TSE:PTS) last posted its quarterly earnings results 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. The firm had revenue of $115.11 million for the quarter, compared to analyst estimates of $115.00 million. Points.com had a negative return on equity of 0.01% and a negative net margin of 0.09%. As a group, equities research analysts forecast that Points.com will post 0.23 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of PCOM. QV Investors Inc. bought a new position in shares of Points.com during the 1st quarter worth approximately $13,354,000. Hillsdale Investment Management Inc. bought a new position in shares of Points.com during the 1st quarter worth approximately $334,000. Rice Hall James & Associates LLC boosted its stake in Points.com by 1.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 707,230 shares of the information services provider’s stock valued at $13,091,000 after purchasing an additional 11,869 shares during the period. Pembroke Management LTD boosted its stake in Points.com by 37.7% in the 1st quarter. Pembroke Management LTD now owns 1,402,229 shares of the information services provider’s stock valued at $32,209,000 after purchasing an additional 384,223 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Points.com by 68.4% in the 1st quarter. Acadian Asset Management LLC now owns 6,400 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 2,600 shares during the period. Institutional investors own 60.43% of the company’s stock.

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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