PICS (PICS) – What Are Brokerages Saying About This Stock?

PICS (NASDAQ:PICS) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $22.50.

A number of brokerages have commented on PICS. Mizuho cut their price target on shares of PICS from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Weiss Ratings upgraded shares of PICS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded PICS from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research cut PICS from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Finally, Royal Bank Of Canada 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 Tuesday, August 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whetstone Capital Advisors LLC bought a new position in PICS in the 2nd quarter valued at about $2,189,000. BlueCrest Capital Management Ltd bought a new stake in shares of PICS during the second quarter worth approximately $3,986,000. Finally, Readystate Asset Management LP bought a new stake in shares of PICS during the second quarter worth approximately $744,000.

PICS Stock Down 1.8%

NASDAQ:PICS opened at $13.36 on Wednesday. PICS has a twelve month low of $8.08 and a twelve month high of $19.95. The stock’s 50 day moving average price is $10.69 and its two-hundred day moving average price is $11.18.

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.