PICS (NASDAQ:PICS) Stock Rating Upgraded by Zacks Research

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

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada cut their price objective on shares of PICS from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, June 3rd. Mizuho set a $18.00 target price on PICS in a research report on Wednesday, June 3rd. Wall Street Zen lowered PICS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings raised PICS from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. Two research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $23.17.

PICS Stock Up 5.5%

PICS opened at $10.60 on Thursday. The company has a fifty 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

In related news, Director William Rodney Pruett acquired 25,000 shares of PICS stock in a transaction on 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 completion of the transaction, the director owned 25,000 shares of the company’s stock, valued at approximately $227,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 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, for a total transaction of $175,195.00. Following the completion of the acquisition, the director owned 4,373,479 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders purchased 136,130 shares of company stock valued at $1,267,515.

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.