Readystate Asset Management LP Takes Position in PICS $PICS

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

PICS Price Performance

Shares of PICS opened at $11.46 on Tuesday. The firm’s 50 day moving average price is $11.49 and its 200 day moving average price is $11.98. PICS has a twelve month low of $8.32 and a twelve month high of $19.95.

Insiders Place Their Bets

In other PICS news, insider Cazotto Andre Augusto bought 49,500 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $9.41 per share, with a total value of $465,795.00. Following the completion of the transaction, the insider directly owned 57,700 shares of the company’s stock, valued at $542,957. This represents a 603.66% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Costa Jose Antonio Batista bought 18,500 shares of the stock in a transaction on Wednesday, June 10th. The shares were acquired at an average cost of $9.47 per share, for a total transaction of $175,195.00. Following the completion of the transaction, the director directly owned 4,373,479 shares of the company’s stock, valued at approximately $41,416,846.13. The trade was a 0.42% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Analyst Ratings Changes

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

PICS Company 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.