PICS (NASDAQ:PICS) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of PICS (NASDAQ:PICS) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

PICS has been the topic of several other research reports. Mizuho set a $18.00 price objective on shares of PICS in a report on Wednesday, June 3rd. Wall Street Zen lowered shares of PICS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Royal Bank Of Canada reduced 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. Finally, Weiss Ratings raised shares of PICS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $23.17.

PICS Trading Up 5.5%

Shares of PICS opened at $10.60 on Thursday. The stock has a fifty day moving average price of $11.39. PICS has a 12-month low of $8.32 and a 12-month high of $19.95.

Insider Buying and Selling

In related news, Director William Rodney Pruett purchased 25,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $9.10 per share, with a total value of $227,500.00. Following the transaction, the director owned 25,000 shares of the company’s stock, valued at $227,500. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cazotto Andre Augusto acquired 49,500 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $9.41 per share, for a total transaction of $465,795.00. Following the completion of the purchase, the insider owned 57,700 shares in the company, valued at approximately $542,957. This represents a 603.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 136,130 shares of company stock worth $1,267,515.

PICS Company Profile

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.