PICS (NASDAQ:PICS) Announces Earnings Results, Misses Expectations By $0.86 EPS

PICS (NASDAQ:PICS) issued its earnings results on Tuesday. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.86), Zacks reports.

PICS Trading Up 1.5%

NASDAQ:PICS traded up $0.17 during trading hours on Tuesday, reaching $11.24. The company had a trading volume of 435,766 shares, compared to its average volume of 622,542. PICS has a 1-year low of $9.88 and a 1-year high of $19.95. The stock has a 50 day moving average price of $11.73.

Insider Transactions at PICS

In related news, Director William Rodney Pruett purchased 100,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was bought at an average cost of $11.80 per share, with a total value of $1,180,000.00. Following the completion of the acquisition, the director owned 100,000 shares of the company’s stock, valued at $1,180,000. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analyst Ratings Changes

PICS has been the topic of a number of recent research reports. HSBC initiated coverage on PICS in a research report on Thursday, February 19th. They issued a “buy” rating and a $21.00 target price on the stock. Weiss Ratings lowered PICS from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded PICS from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Zacks Research upgraded PICS to a “hold” rating in a research report on Wednesday, February 25th. Finally, Mizuho dropped their target price on PICS from $30.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.17.