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

Shares of PICS (NASDAQ:PICS) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.1667.

A number of equities research analysts recently commented on PICS shares. Weiss Ratings downgraded PICS from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. HSBC assumed coverage on PICS in a research report on Thursday, February 19th. They set a “buy” rating and a $21.00 price objective for the company. Wall Street Zen raised PICS from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Wolfe Research raised PICS to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada cut their price objective on PICS from $19.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday.

Insider Buying and Selling at PICS

In other news, Director William Rodney Pruett bought 100,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were bought at an average price of $11.80 per share, for a total transaction of $1,180,000.00. Following the completion of the purchase, the director owned 100,000 shares in the company, valued at approximately $1,180,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PICS Stock Down 19.2%

NASDAQ PICS opened at $9.03 on Thursday. The firm has a 50-day moving average of $11.66. PICS has a 12 month low of $9.00 and a 12 month high of $19.95.