Readystate Asset Management LP Purchases Shares of 70,000 PICS $PICS

Readystate Asset Management LP acquired a new position in PICS (NASDAQ:PICS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 70,000 shares of the company’s stock, valued at approximately $744,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research upgraded shares of PICS from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Mizuho lowered their price target on PICS from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Wall Street Zen lowered PICS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded PICS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada cut their price objective on PICS from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PICS has a consensus rating of “Buy” and a consensus price target of $22.50.

PICS Stock Performance

PICS stock opened at $11.46 on Tuesday. PICS has a 1-year low of $8.32 and a 1-year high of $19.95. The business’s 50 day moving average is $11.49 and its 200-day moving average is $11.98.

Insider Buying and Selling at PICS

In related news, insider Cazotto Andre Augusto acquired 49,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $9.41 per share, for a total transaction of $465,795.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Costa Jose Antonio Batista acquired 18,500 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were bought at an average price of $9.47 per share, with a total value of $175,195.00. Following the completion of the purchase, the director directly owned 4,373,479 shares of the company’s stock, valued at approximately $41,416,846.13. This represents a 0.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

PICS Profile

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.