PICS (NASDAQ:PICS) Receives Average Recommendation of “Moderate Buy” from Analysts

PICS (NASDAQ:PICS) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $23.1667.

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

PICS Stock Down 10.5%

NASDAQ:PICS opened at $10.22 on Tuesday. The stock’s 50-day moving average price is $11.38. PICS has a 52-week low of $8.32 and a 52-week high of $19.95.

Insiders Place Their Bets

In other PICS news, Director William Rodney Pruett acquired 25,000 shares of PICS stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $9.10 per share, for a total transaction of $227,500.00. Following the purchase, the director directly owned 25,000 shares in the company, valued at approximately $227,500. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Costa Jose Antonio Batista acquired 18,500 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was bought at an average price of $9.47 per share, with a total value of $175,195.00. Following the acquisition, the director directly owned 4,373,479 shares in the company, valued at $41,416,846.13. This represents a 0.42% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 136,130 shares of company stock valued at $1,267,515 in the last three months.

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.