Analysts Set PICS (NASDAQ:PICS) Price Target at $24.17

PICS (NASDAQ:PICS) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.1667.

Several analysts recently issued reports on PICS shares. Mizuho decreased their price objective on shares of PICS from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, March 20th. HSBC started coverage on shares of PICS in a report on Thursday, February 19th. They set a “buy” rating and a $21.00 price objective for the company. Bank of America started coverage on shares of PICS in a report on Tuesday, February 24th. They set a “buy” rating and a $27.00 price objective for the company. Citigroup started coverage on shares of PICS in a report on Monday, February 23rd. They set a “buy” rating and a $28.00 price objective for the company. Finally, Wells Fargo & Company set a $27.00 price objective on shares of PICS in a report on Tuesday, February 24th.

PICS Stock Down 9.1%

NASDAQ PICS opened at $10.50 on Friday. The business’s fifty day moving average price is $12.51. PICS has a 1 year low of $9.88 and a 1 year high of $19.95.

Insider Activity

In other news, Director William Rodney Pruett acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average cost of $11.80 per share, with a total value of $1,180,000.00. Following the acquisition, the director owned 100,000 shares in the company, valued at approximately $1,180,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.