PICS (NASDAQ:PICS) Upgraded at Zacks Research

PICS (NASDAQ:PICS) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

PICS has been the topic of several other research reports. Mizuho set a $18.00 price target on shares of PICS in a research report on Wednesday, June 3rd. Weiss Ratings upgraded PICS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, August 3rd. Wall Street Zen cut PICS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Royal Bank Of Canada reduced their target price on PICS from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $23.17.

PICS Trading Up 5.5%

NASDAQ:PICS opened at $10.60 on Thursday. The company has a 50-day moving average price of $11.39. PICS has a 1-year low of $8.32 and a 1-year high of $19.95.

Insider Buying and Selling at PICS

In related news, insider Cazotto Andre Augusto purchased 49,500 shares of PICS stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $9.41 per share, with a total value of $465,795.00. Following the purchase, the insider owned 57,700 shares of the company’s stock, valued at approximately $542,957. The trade was a 603.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William Rodney Pruett acquired 25,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $9.10 per share, for a total transaction of $227,500.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at approximately $227,500. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 136,130 shares of company stock worth $1,267,515 over 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.