Whetstone Capital Advisors LLC Takes Position in PICS $PICS

Whetstone Capital Advisors LLC bought a new position in shares of PICS (NASDAQ:PICS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 205,948 shares of the company’s stock, valued at approximately $2,189,000. PICS makes up 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 worth about $744,000.

PICS Price Performance

Shares of NASDAQ PICS opened at $10.60 on Thursday. PICS has a 1-year low of $8.32 and a 1-year high of $19.95. The stock has a fifty day simple moving average of $11.49 and a two-hundred day simple moving average of $11.92.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank Of Canada cut their price target on PICS from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 25th. Zacks Research upgraded shares of PICS from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Wall Street Zen downgraded PICS from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Mizuho decreased their price target on shares of PICS from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Finally, Weiss Ratings upgraded PICS from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, PICS presently has a consensus rating of “Buy” and a consensus price target 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.