News coverage about Points International (NASDAQ:PCOM) (TSE:PTS) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Points International earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 45.848476365969 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
Shares of Points International (NASDAQ:PCOM) traded up 0.63% during mid-day trading on Friday, reaching $11.12. 49,535 shares of the company’s stock traded hands. The firm has a 50-day moving average of $10.94 and a 200 day moving average of $9.45. The company’s market cap is $164.31 million. Points International has a 12-month low of $6.28 and a 12-month high of $12.40.
Points International (NASDAQ:PCOM) (TSE:PTS) last announced its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Points International had a negative net margin of 0.53% and a positive return on equity of 7.56%. The firm had revenue of $85.77 million for the quarter, compared to the consensus estimate of $79.84 million. Equities analysts forecast that Points International will post $0.28 EPS for the current year.
Points International announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 9th that permits the company to repurchase 740,000 outstanding shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
PCOM has been the subject of a number of research reports. Zacks Investment Research cut shares of Points International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. B. Riley restated a “buy” rating and set a $12.00 target price on shares of Points International in a research note on Monday, August 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $15.00 target price on shares of Points International in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $13.50.
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About Points International
Points International Ltd. (Points) provides a range of e-commerce and technology services to loyalty program operators using a common infrastructure. These services include a range of white label or private branded e-commerce services (Loyalty Currency Services) that enable the sale of loyalty currencies (such as frequent flyer miles, hotel points and credit card points), both retail and wholesale, and support the loyalty program consumer offerings and their back end operations.
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