BlueCrest Capital Management Ltd Acquires Shares of 375,000 PICS $PICS

BlueCrest Capital Management Ltd acquired a new position in PICS (NASDAQ:PICS) during the second quarter, HoldingsChannel reports. The fund acquired 375,000 shares of the company’s stock, valued at approximately $3,986,000.

Separately, Readystate Asset Management LP acquired a new stake in shares of PICS in the second quarter valued at $744,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on PICS. Mizuho reduced their price target on shares of PICS from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Royal Bank Of Canada lowered their price objective on shares of PICS from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Weiss Ratings raised shares of PICS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, August 3rd. Wall Street Zen lowered shares of PICS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Zacks Research upgraded shares of PICS from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $22.50.

PICS Trading Down 4.0%

PICS stock opened at $10.60 on Thursday. The business’s 50-day simple moving average is $11.49 and its 200 day simple moving average is $11.92. PICS has a 12-month low of $8.32 and a 12-month high of $19.95.

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.