PICS (NASDAQ:PICS) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

PICS (NASDAQ:PICS) issued its earnings results on Monday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01), Zacks reports. PICS had a return on equity of 15.20% and a net margin of 10.00%.

PICS Trading Up 2.8%

Shares of PICS stock traded up $0.30 during trading hours on Monday, reaching $10.90. The company’s stock had a trading volume of 1,643,717 shares, compared to its average volume of 542,360. The business has a fifty day simple moving average of $11.39. PICS has a one year low of $8.32 and a one year high of $19.95.

Insider Transactions at PICS

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PICS shares. Zacks Research upgraded shares of PICS from a “hold” rating to a “strong-buy” rating in a report on Thursday. Weiss Ratings raised PICS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded PICS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Royal Bank Of Canada cut their price target on PICS from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd. Finally, Mizuho set a $18.00 price objective on PICS in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, PICS presently has an average rating of “Buy” and an average target price of $23.17.

About PICS

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.