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

Shares of PICS (NASDAQ:PICS) have received an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat reports. One 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 12 month price target among analysts that have covered the stock in the last year is $24.1667.

Several analysts recently commented on the stock. Weiss Ratings raised shares of PICS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. HSBC started coverage on shares of PICS in a research report on Thursday, February 19th. They set a “buy” rating and a $21.00 price objective for the company. Zacks Research raised PICS to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen upgraded shares of PICS from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, Royal Bank Of Canada dropped their price objective on shares of PICS from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, April 6th.

PICS Trading Down 3.0%

PICS stock opened at $12.25 on Friday. The business’s 50 day simple moving average is $13.08. PICS has a 1-year low of $9.88 and a 1-year high of $19.95.

Insider Buying and Selling at PICS

In other PICS news, Director William Rodney Pruett purchased 100,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average cost of $11.80 per share, for a total transaction of $1,180,000.00. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at approximately $1,180,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.