Wall Street Zen Upgrades PICS (NASDAQ:PICS) to “Buy”

PICS (NASDAQ:PICS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

PICS has been the subject of several other research reports. Bank of America began coverage on shares of PICS in a research report on Tuesday, February 24th. They set a “buy” rating and a $27.00 target price for the company. Zacks Research upgraded shares of PICS to a “hold” rating in a research report on Wednesday, February 25th. Mizuho dropped their target price on shares of PICS from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. HSBC began coverage on shares of PICS in a research report on Thursday, February 19th. They set a “buy” rating and a $21.00 target price for the company. Finally, Wells Fargo & Company set a $27.00 target price on shares of PICS in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $24.17.

PICS Price Performance

Shares of PICS stock opened at $14.30 on Friday. The company’s fifty day simple moving average is $13.59. PICS has a 52 week low of $9.88 and a 52 week high of $19.95.

Insider Activity

In other news, Director William Rodney Pruett purchased 100,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average price of $11.80 per share, with a total value of $1,180,000.00. Following the acquisition, the director directly owned 100,000 shares of the company’s stock, valued at approximately $1,180,000. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.