Zacks Research Upgrades PICS (NASDAQ:PICS) to “Strong-Buy”

PICS (NASDAQ:PICS) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the company. Royal Bank Of Canada cut their price objective on PICS from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings upgraded PICS from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. Wall Street Zen cut PICS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Mizuho set a $18.00 price target on PICS in a report on Wednesday, June 3rd. Two 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 company’s stock. According to data from MarketBeat.com, PICS currently has a consensus rating of “Buy” and a consensus price target of $23.17.

PICS Trading Up 5.5%

PICS stock opened at $10.60 on Thursday. PICS has a 52-week low of $8.32 and a 52-week high of $19.95. The business’s 50 day simple moving average is $11.39.

Insider Activity

In other news, Director William Rodney Pruett bought 25,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was 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 trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cazotto Andre Augusto bought 49,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $9.41 per share, for a total transaction of $465,795.00. Following the acquisition, the insider directly owned 57,700 shares of the company’s stock, valued at $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 three months, insiders have bought 136,130 shares of company stock worth $1,267,515.

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.