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

Shares of PICS (NASDAQ:PICS) have received an average rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $23.1667.

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price target on PICS from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, June 3rd. Citigroup started coverage on PICS in a report on Monday, February 23rd. They set a “buy” rating and a $28.00 price target for the company. Zacks Research upgraded PICS to a “hold” rating in a report on Wednesday, February 25th. Weiss Ratings lowered PICS from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Finally, Wolfe Research upgraded PICS to a “strong-buy” rating in a report on Monday, February 23rd.

Insider Activity at PICS

In related news, Director William Rodney Pruett bought 25,000 shares of PICS stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $9.10 per share, for a total transaction of $227,500.00. Following the acquisition, the director owned 25,000 shares in the company, valued at $227,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Costa Jose Antonio Batista bought 22,000 shares of PICS stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average price of $9.09 per share, with a total value of $199,980.00. Following the completion of the acquisition, the director owned 4,291,216 shares in the company, valued at approximately $39,007,153.44. The trade was a 0.52% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 147,000 shares of company stock valued at $1,607,480.

PICS Price Performance

Shares of PICS stock opened at $9.42 on Thursday. PICS has a 52-week low of $8.32 and a 52-week high of $19.95. The firm’s 50-day moving average price is $11.54.