PICS (NASDAQ:PICS) Given Average Recommendation of “Moderate Buy” by Brokerages

PICS (NASDAQ:PICS) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.1667.

A number of research analysts have issued reports on PICS shares. Weiss Ratings raised PICS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, August 3rd. Royal Bank Of Canada dropped their price target on PICS from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 3rd. Zacks Research upgraded PICS from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Mizuho set a $18.00 price objective on PICS in a research report on Wednesday, June 3rd. Finally, Wall Street Zen cut PICS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th.

PICS Price Performance

PICS opened at $10.22 on Tuesday. PICS has a 12 month low of $8.32 and a 12 month high of $19.95. The company has a fifty day moving average price of $11.38.

Insider Activity

In related news, Director William Rodney Pruett acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $9.10 per share, for a total transaction of $227,500.00. Following the completion of the acquisition, the director directly owned 25,000 shares in the company, valued at approximately $227,500. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cazotto Andre Augusto acquired 49,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $9.41 per share, for a total transaction of $465,795.00. Following the completion of the acquisition, the insider owned 57,700 shares of the company’s stock, valued at $542,957. This trade represents a 603.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 136,130 shares of company stock worth $1,267,515 over the last quarter.

PICS Company Profile

PicS N.V. operates as a digital financial services company which provides digital wallet and application for individuals and businesses principally in Brazil. It offers a range of transactional products for its consumers, including Pix, an instant payment system, peer-to-peer between PicPay accounts, bill payments, payroll portability, global account and a payment assistant. PicS N.V., formerly known as Picpay Holdings Netherlands B.V., is based in S?o Paulo, Brazil.