PICS (NASDAQ:PICS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PICS (NASDAQ:PICS) from a hold rating to a buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Several other research firms also recently commented on PICS. Mizuho reduced their price objective on PICS from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Royal Bank Of Canada lowered their target price 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. Zacks Research cut shares of PICS from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Finally, Weiss Ratings raised shares of PICS from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.50.

PICS Stock Down 1.8%

Shares of NASDAQ:PICS opened at $13.36 on Friday. The business’s 50 day moving average price is $10.69 and its 200-day moving average price is $11.18. PICS has a 1 year low of $8.08 and a 1 year high of $19.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Whetstone Capital Advisors LLC purchased a new stake in shares of PICS in the second quarter valued at approximately $2,189,000. BlueCrest Capital Management Ltd acquired a new stake in shares of PICS in the second quarter valued at approximately $3,986,000. Finally, Readystate Asset Management LP purchased a new position in PICS during the second quarter worth approximately $744,000.

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.