PICS (NASDAQ:PICS) Posts Quarterly Earnings Results, Misses Estimates By $0.86 EPS

PICS (NASDAQ:PICS) announced its earnings results on Tuesday. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.86), Zacks reports.

PICS Stock Performance

NASDAQ PICS traded up $0.17 during mid-day trading on Tuesday, hitting $11.24. The stock had a trading volume of 435,766 shares, compared to its average volume of 622,542. The stock’s 50 day moving average is $11.73. PICS has a twelve month low of $9.88 and a twelve month high of $19.95.

Insider Buying and Selling

In other news, Director William Rodney Pruett acquired 100,000 shares of PICS stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average cost of $11.80 per share, with a total value of $1,180,000.00. Following the purchase, the director owned 100,000 shares in the company, valued at $1,180,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings downgraded PICS from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. HSBC assumed coverage on PICS in a research note on Thursday, February 19th. They set a “buy” rating and a $21.00 target price for the company. Mizuho reduced their target price on PICS from $30.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Zacks Research raised PICS to a “hold” rating in a research note on Wednesday, February 25th. Finally, Bank of America assumed coverage on PICS in a research note on Tuesday, February 24th. They issued a “buy” rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.17.