Points.com (NASDAQ:PCOM) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Points.com (NASDAQ:PCOMGet Rating) (TSE:PTS) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the information services provider’s stock.

Several other equities research analysts have also recently weighed in on PCOM. Royal Bank of Canada increased their price target on shares of Points.com from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, March 11th. Zacks Investment Research raised shares of Points.com from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research report on Tuesday, May 17th. Northland Securities cut shares of Points.com from an “outperform” rating to a “market perform” rating and set a $25.00 target price for the company. in a research report on Thursday, May 12th. Finally, Barrington Research cut shares of Points.com from an “outperform” rating to an “underperform” rating in a research report on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.33.

Shares of PCOM opened at $24.67 on Friday. The stock has a market capitalization of $368.64 million, a P/E ratio of 176.21 and a beta of 1.44. The firm has a fifty day simple moving average of $19.28 and a two-hundred day simple moving average of $17.52. Points.com has a twelve month low of $13.98 and a twelve month high of $24.92.

Points.com (NASDAQ:PCOMGet Rating) (TSE:PTS) last announced its quarterly earnings results on Wednesday, May 11th. The information services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $127.42 million during the quarter, compared to analysts’ expectations of $97.20 million. Points.com had a net margin of 0.48% and a return on equity of 4.15%. On average, analysts predict that Points.com will post 0.26 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its position in Points.com by 68.4% during the 1st quarter. Acadian Asset Management LLC now owns 6,400 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 2,600 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Points.com during the 1st quarter valued at about $334,000. State Street Corp lifted its position in Points.com by 2.6% during the 1st quarter. State Street Corp now owns 24,232 shares of the information services provider’s stock valued at $449,000 after acquiring an additional 605 shares during the period. Ancora Advisors LLC lifted its position in Points.com by 18.4% during the 1st quarter. Ancora Advisors LLC now owns 26,074 shares of the information services provider’s stock valued at $397,000 after acquiring an additional 4,060 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Points.com by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 33,141 shares of the information services provider’s stock valued at $613,000 after acquiring an additional 1,166 shares during the period. 60.43% of the stock is owned by institutional investors.

About Points.com (Get Rating)

Points.com, Inc engages in the provision of ecommerce and technology solutions. It operates through the following segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment offers products and services designed to help loyalty program members unlock the value of loyalty currency and accelerate the time to a reward.

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