PICS (NASDAQ:PICS) Given Average Rating of “Moderate Buy” by Analysts

Shares of PICS (NASDAQ:PICS) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $23.1667.

PICS has been the topic of several recent research reports. Weiss Ratings downgraded PICS from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Zacks Research downgraded PICS from a “hold” rating to a “strong sell” rating in a report on Friday, June 5th. Royal Bank Of Canada cut their target price on PICS from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 3rd. Wall Street Zen upgraded PICS from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Finally, Mizuho set a $18.00 price target on PICS in a research report on Wednesday, June 3rd.

PICS Stock Down 3.6%

Shares of NASDAQ PICS opened at $11.91 on Friday. The firm’s 50 day simple moving average is $10.84. PICS has a fifty-two week low of $8.32 and a fifty-two week high of $19.95.

Insider Activity at PICS

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

PICS News Summary

Here are the key news stories impacting PICS this week:

• Neutral Sentiment: Several law firms reiterated the August 4 deadline for investors to seek lead-plaintiff status in the securities class action, keeping the lawsuit in focus and reminding the market of the ongoing legal process. PICS Deadline: PICS Investors Have Opportunity to Lead PicS N.V. Securities Lawsuit
• Neutral Sentiment: Johnson Fistel, Kaplan Fox, Glancy Prongay Wolke & Rotter, Pomerantz, Schall, Bernstein Liebhard, and others all issued similar class-action notices, underscoring that the litigation story is broad and still developing. PicS N.V. Class Action Lawsuit Alert
• Negative Sentiment: The core allegation across the filings is that PicS allegedly made misrepresentations or omissions in its IPO materials, including claims about underwriting quality and credit/portfolio deterioration; that kind of accusation can hurt investor confidence and keep the stock under pressure. PICS ALERT: PicS N.V. Investors Urged to Contact Hagens Berman