Whetstone Capital Advisors LLC Purchases New Stake in PICS $PICS

Whetstone Capital Advisors LLC purchased a new stake in shares of PICS (NASDAQ:PICS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 205,948 shares of the company’s stock, valued at approximately $2,189,000. PICS comprises about 0.6% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 26th biggest position.

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

PICS Stock Performance

PICS stock opened at $10.60 on Thursday. PICS has a 52 week low of $8.32 and a 52 week high of $19.95. The company’s 50-day simple moving average is $11.49 and its 200 day simple moving average is $11.92.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PICS shares. Zacks Research upgraded shares of PICS from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Weiss Ratings raised shares of PICS from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. Mizuho cut 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 Wednesday, August 26th. Wall Street Zen cut PICS from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Royal Bank Of Canada decreased their target price on PICS from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. 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 company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $22.50.

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.