PICS (NASDAQ:PICS) Stock Has Consensus Target Price of $22.50 According to Analysts

PICS (NASDAQ:PICS) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $22.50.

Several equities research analysts have commented on PICS shares. Weiss Ratings reissued a “sell (d+)” rating on shares of PICS in a research report on Friday, October 30th. Royal Bank Of Canada lowered their target price on PICS from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. Zacks Research downgraded PICS from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Mizuho dropped their target price on PICS from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, August 26th. Finally, Wall Street Zen raised PICS from a “hold” rating to a “buy” rating in a research report on Sunday, October 11th.

Institutional Investors Weigh In On PICS

A number of institutional investors and hedge funds have recently made changes to their positions in PICS. BlueCrest Capital Management Ltd acquired a new stake in shares of PICS in the 2nd quarter valued at approximately $3,986,000. Whetstone Capital Advisors LLC bought a new position in shares of PICS in the second quarter valued at $2,189,000. Readystate Asset Management LP bought a new position in shares of PICS in the second quarter valued at $744,000. State of Wyoming increased its holdings in PICS by 23.1% during the third quarter. State of Wyoming now owns 25,322 shares of the company’s stock worth $215,000 after buying an additional 4,748 shares during the last quarter. Finally, R Squared Ltd acquired a new position in PICS during the third quarter worth $117,000.

PICS Stock Down 3.2%

NASDAQ:PICS opened at $6.86 on Friday. PICS has a twelve month low of $6.42 and a twelve month high of $19.95. The business has a 50 day moving average price of $10.33 and a two-hundred day moving average price of $11.65. The company has a market cap of $732.17 million and a P/E ratio of 7.80.

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.