Points.com (NASDAQ:PCOM) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Points.com (NASDAQ:PCOMGet Rating) (TSE:PTS) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the information services provider’s stock.

Several other research firms have also recently weighed in on PCOM. Barrington Research cut Points.com from an “outperform” rating to an “underperform” rating in a research note on Monday, May 9th. Northland Securities cut Points.com from an “outperform” rating to a “market perform” rating and set a $25.00 target price on the stock. in a research note on Thursday, May 12th. Finally, Royal Bank of Canada cut Points.com from an “outperform” rating to a “sector perform” rating and set a $25.00 target price on the stock. in a research note on Tuesday, May 31st.

Shares of PCOM opened at $24.90 on Wednesday. The business’s 50-day moving average price is $21.89 and its 200 day moving average price is $18.54. The stock has a market capitalization of $372.08 million, a P/E ratio of 177.86 and a beta of 1.40. Points.com has a 1-year low of $13.98 and a 1-year high of $24.97.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC grew its stake in shares of 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 buying an additional 2,600 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Points.com in the 1st quarter valued at approximately $334,000. Ancora Advisors LLC grew its stake in shares of Points.com by 18.4% in the 1st quarter. Ancora Advisors LLC now owns 26,074 shares of the information services provider’s stock valued at $397,000 after buying an additional 4,060 shares in the last quarter. State Street Corp grew its stake in shares of Points.com by 2.6% in the 1st quarter. State Street Corp now owns 24,232 shares of the information services provider’s stock valued at $449,000 after buying an additional 605 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Points.com by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,141 shares of the information services provider’s stock worth $613,000 after purchasing an additional 1,166 shares during the last quarter. 60.43% of the stock is owned by institutional investors and hedge funds.

Points.com Company Profile (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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