Insider Buying: PICS (NASDAQ:PICS) Director Buys 22,000 Shares of Stock

PICS (NASDAQ:PICS) Director Costa Jose Antonio Batista purchased 22,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $9.09 per share, for a total transaction of $199,980.00. Following the completion of the transaction, the director owned 4,291,216 shares of the company’s stock, valued at $39,007,153.44. The trade was a 0.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PICS Stock Performance

Shares of NASDAQ PICS traded up $0.15 during mid-day trading on Monday, hitting $9.33. The company had a trading volume of 135,630 shares, compared to its average volume of 631,146. The firm’s 50-day moving average price is $11.58. PICS has a 12 month low of $8.32 and a 12 month high of $19.95.

Analyst Ratings Changes

Several research firms recently weighed in on PICS. HSBC began coverage on shares of PICS in a research note on Thursday, February 19th. They issued a “buy” rating and a $21.00 target price for the company. Wolfe Research upgraded shares of PICS to a “strong-buy” rating in a research note on Monday, February 23rd. Royal Bank Of Canada reduced their target price on shares of PICS from $19.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. Bank of America began coverage on shares of PICS in a research note on Tuesday, February 24th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Mizuho set a $18.00 target price on shares of PICS in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PICS has a consensus rating of “Moderate Buy” and an average target price of $23.17.