Points International Ltd. provides e-commerce and technology solutions to loyalty industry in the United States, Europe, and internationally. It operates through three segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment provides products and services designed to help loyalty program members unlock the value of their loyalty currency and accelerate the time to a reward, including buy, gift, transfer, reinstate, accelerator and status miles services. The Platform Partners segment offers various applications that are connected to and enabled by the functionality of the loyalty commerce platform (LCP); and provides loyalty programs, merchants, and other consumer service applications leverage the LCP to distribute loyalty currency and loyalty commerce transactions through multiple channels, including loyalty program, co-branded, and third-party channels. The Points Travel segment provides online travel bookings, including Points Travel and PointsHound services. The company was founded in 2000 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NASDAQ
Website: points.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/11/2022 | $25.00 → $26.00 | Outperform | RBC Capital |
| 8/12/2021 | $17.50 → $22.00 | Market Perform → Outperform | Northland Capital |
RBC Capital reiterated coverage of Points.com with a rating of Outperform and set a new price target of $26.00 from $25.00 previously
Northland Capital upgraded Points International from Market Perform to Outperform and set a new price target of $22.00 from $17.50 previously
RBC Capital upgraded Points International from Sector Perform to Outperform and set a new price target of $20.00 from $16.00 previously
Royal Bank of Canada reiterated coverage of Points International with a rating of Sector Perform and set a new price target of $16.00 from $12.00 previously
Acquisition creates a new global leader in ancillary revenue for the travel industryPlusgrade is now expected to generate over US$3.5 billion in new revenue opportunities for its partners through 2022Acquisition creates unmatched scale in the global travel industry, expanding from 80 to over 140 partners globallyMONTREAL, June 30, 2022 /PRNewswire/ - Plusgrade, a leading ancillary revenue platform for the global travel industry, today announced that it has completed its previously announced acquisition of Points.com Inc. (TSX:PTS) (NASDAQ: PCOM) ("Points"), the global leader in powering loyalty commerce, creating a new global ancillary revenue powerhouse for the travel industry. This combina
TORONTO, June 27, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS) (NASDAQ:PCOM) ("Points") is pleased to announce that it has obtained final approval from the Ontario Superior Court of Justice (Commercial List) of the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement"), pursuant to which a wholly-owned subsidiary (the "Purchaser") of Plusgrade L.P. will acquire all of the issued and outstanding common shares of Points for US$25.00 in cash per common share. Subject to the satisfaction or waiver of customary closing conditions, the parties currently anticipate that the closing of the Arrangement will occur on or about Jun
TORONTO, June 23, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS) (NASDAQ:PCOM) ("Points") is pleased to announce that at a special meeting of shareholders held earlier today, holders of Points' common shares ("Shareholders") voted overwhelmingly in favour of the special resolution (the "Arrangement Resolution") approving the previously announced plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement"), pursuant to which a wholly-owned subsidiary (the "Purchaser") of Plusgrade L.P. will acquire all of the issued and outstanding common shares of Points for US$25.00 in cash per common share. In order to be passed, the Arrangement Resolution requir
TORONTO, June 17, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS) (NASDAQ:PCOM) ("Points" or the "Company") is pleased to announce that Glass Lewis, a leading independent proxy advisory firm, has recommended that Points' shareholders ("Shareholders") vote "FOR" the previously announced plan of arrangement under the Canada Business Corporations Act (the "Arrangement"), pursuant to which a wholly-owned subsidiary (the "Purchaser") of Plusgrade L.P., a leading ancillary revenue platform for the global travel industry, will acquire all of the issued and outstanding common shares of Points for US$25.00 per common share in cash. As previously announced, Institutional Shareholder Services Inc.
TORONTO, June 13, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS) (NASDAQ:PCOM) ("Points") is pleased to announce that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that Points' shareholders ("Shareholders") vote "FOR" the previously announced plan of arrangement under the Canada Business Corporations Act (the "Arrangement"), pursuant to which a wholly-owned subsidiary (the "Purchaser") of Plusgrade L.P., a leading ancillary revenue platform for the global travel industry, will acquire all of the issued and outstanding common shares of Points for US$25.00 per common share in cash. In its recommendation to Shareholders, ISS c
TORONTO, May 25, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS) (NASDAQ:PCOM) ("Points" or the "Company"), the global leader in powering loyalty commerce, is pleased to announce that it has filed and is in the process of mailing the management proxy circular (the "Circular") and related materials for the special meeting (the "Meeting") of the Company's shareholders (the "Shareholders") to be held on June 23, 2022, to approve the previously announced plan of arrangement under the Canada Business Corporations Act (the "Arrangement"), pursuant to which a wholly-owned subsidiary (the "Purchaser") of Plusgrade L.P. ("Plusgrade"), a leading ancillary revenue platform for the global travel in
TORONTO, May 12, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS) (NASDAQ:PCOM) ("Points" or the "Company"), the global leader in powering loyalty commerce, announced today that all resolutions put to the annual general meeting of shareholders held on May 11, 2022 were passed, including the reappointment of the Company's directors. The following votes were received with respect to each director nominee: Number of Shares ForNumber of Shares WithheldDavid Adams9,054,056115,065Christopher Barnard8,481,521687,600Michael Beckerman8,971,418197,703Bruce Croxon8,825,354343,767Robert MacLean8,820,364348,757Jane Skoblo9,162,5116,610John Thompson8,438,802730,319Leontine van Leeuwen-Atkins9,148,17
- Revenue Increased 96% Year-Over-Year to a Record $127.4 Million - - Gross Profit Increased 108% Year-Over-Year to a Record $18.7 Million, Representing Sixth Sequential Quarter of Growth - - Announced on May 9, 2022 a Definitive Agreement to be Acquired by Plusgrade, Driving Significant Shareholder Value - TORONTO, May 11, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS) (NASDAQ:PCOM) (Points or the Company), the global leader in powering loyalty commerce, is reporting financial results for the first quarter ended March 31, 2022. Unless otherwise noted, all amounts are in USD. The complete first quarter Condensed Consolidated Interim Financial Statements and Management's Discussi
TORONTO, May 09, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS) (NASDAQ:PCOM) ("Points" or the "Company"), the global leader in powering loyalty commerce, is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which a wholly-owned subsidiary (the "Purchaser") of Plusgrade Parent L.P. ("Plusgrade"), a leading ancillary revenue platform for the global travel industry, will acquire all of the issued and outstanding common shares of the Company for US$25.00 per common share in cash (equivalent to C$32.21 assuming a 1.2882 exchange rate as per the Bank of Canada May 6 noon rate) (the "Consideration") by way of a statutory plan of a
TORONTO, April 28, 2022 (GLOBE NEWSWIRE) -- Global leader in powering loyalty commerce, Points, (NASDAQ:PCOM) (TSX:PTS) is pleased to announce that the company has been recognized as number eight on this year's Best Workplaces™ in Canada List. This is the eighth consecutive year that the Toronto-based loyalty solutions provider has received this prestigious accolade, and the second year the company has placed in the top ten. Inez Murdoch, Chief People Officer, commented, "We are extremely pleased to have been identified as one of the Best Workplaces™ in Canada for an eighth consecutive year and to have achieved our highest ranking to-date. Providing our employees with a healthy wo