Mizuho Has Lowered Expectations for PICS (NASDAQ:PICS) Stock Price

PICS (NASDAQ:PICS) had its target price lowered by analysts at Mizuho from $30.00 to $23.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price indicates a potential upside of 120.79% from the stock’s current price.

Several other analysts have also issued reports on the company. Wall Street Zen lowered PICS from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Zacks Research upgraded PICS to a “hold” rating in a research note on Wednesday, February 25th. Wells Fargo & Company set a $27.00 price target on PICS in a report on Tuesday, February 24th. Citigroup initiated coverage on shares of PICS in a research report on Monday, February 23rd. They set a “buy” rating and a $28.00 price objective for the company. Finally, HSBC assumed coverage on shares of PICS in a research report on Thursday, February 19th. They issued a “buy” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $24.33.

PICS Trading Down 15.1%

PICS stock traded down $1.85 during trading hours on Friday, reaching $10.42. The stock had a trading volume of 361,259 shares, compared to its average volume of 830,521. PICS has a fifty-two week low of $10.36 and a fifty-two week high of $19.95.

PICS (NASDAQ:PICS) last issued its earnings results on Wednesday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). The firm had revenue of $558.09 million for the quarter.