Key Points
- Insider buying: Cazotto Andre Augusto bought 49,500 shares of PICS on June 11 at an average price of $9.41, a transaction worth about $465,795. After the purchase, the insider’s holdings rose to 57,700 shares.
- Stock context: PICS opened at $10.82, below its 50-day moving average of $11.52. The stock has traded between a 52-week low of $8.32 and a high of $19.95.
- Analyst and legal backdrop: Analyst sentiment is mixed, with a consensus rating of Moderate Buy and an average price target of $23.17, but recent class action notices related to the IPO continue to create legal uncertainty for investors.
PICS (NASDAQ:PICS - Get Free Report) Director Costa Jose Antonio Batista acquired 18,500 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were bought at an average price of $9.47 per share, for a total transaction of $175,195.00. Following the acquisition, the director directly owned 4,373,479 shares of the company's stock, valued at approximately $41,416,846.13. This trade represents a 0.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Costa Jose Antonio Batista also recently made the following trade(s):
- On Monday, June 8th, Costa Jose Antonio Batista acquired 21,130 shares of PICS stock. The shares were bought at an average price of $9.42 per share, for a total transaction of $199,044.60.
- On Thursday, June 4th, Costa Jose Antonio Batista acquired 22,000 shares of PICS stock. The shares were bought at an average price of $9.09 per share, for a total transaction of $199,980.00.
PICS Stock Performance
Shares of NASDAQ PICS opened at $10.82 on Friday. The firm's 50-day moving average is $11.52. PICS has a 1-year low of $8.32 and a 1-year high of $19.95.
Key PICS News
Here are the key news stories impacting PICS this week:
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Wells Fargo & Company set a $27.00 price objective on shares of PICS in a report on Tuesday, February 24th. Zacks Research lowered shares of PICS from a "hold" rating to a "strong sell" rating in a research note on Friday, June 5th. Mizuho set a $18.00 price objective on shares of PICS in a research note on Wednesday, June 3rd. Bank of America started coverage on shares of PICS in a research note on Tuesday, February 24th. They issued a "buy" rating and a $27.00 price objective on the stock. Finally, Wall Street Zen raised shares of PICS from a "hold" rating to a "buy" rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, PICS currently has a consensus rating of "Moderate Buy" and an average target price of $23.17.
Get Our Latest Analysis on PICS
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