PICS (NASDAQ:PICS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of PICS (NASDAQ:PICS) have received an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.50.

Several equities analysts have recently commented on the company. 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. Wall Street Zen lowered PICS from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Weiss Ratings raised PICS from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. Zacks Research raised shares of PICS from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Mizuho lowered 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.

Hedge Funds Weigh In On PICS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd acquired a new position in PICS in the second quarter valued at about $3,986,000. Whetstone Capital Advisors LLC bought a new stake in shares of PICS during the 2nd quarter worth approximately $2,189,000. Finally, Readystate Asset Management LP bought a new stake in shares of PICS during the 2nd quarter worth approximately $744,000.

PICS Stock Performance

NASDAQ PICS opened at $10.21 on Friday. The firm has a 50-day moving average of $11.46 and a 200-day moving average of $11.87. PICS has a 52-week low of $8.32 and a 52-week high of $19.95.

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.