Wall Street Zen cut shares of PICS (NASDAQ:PICS – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
A number of other research analysts also recently weighed in on the company. Zacks Research downgraded PICS from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Mizuho cut their price target 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 reduced their price target on shares of PICS from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Finally, Weiss Ratings upgraded shares of PICS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.50.
View Our Latest Stock Analysis on PICS
PICS Stock Performance
Hedge Funds Weigh In On PICS
A number of institutional investors have recently bought and sold shares of PICS. Readystate Asset Management LP bought a new stake in PICS during the second quarter valued at about $744,000. Whetstone Capital Advisors LLC purchased a new stake in PICS in the second quarter worth about $2,189,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of PICS in the second quarter worth about $3,986,000.
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.
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