PICS (NASDAQ:PICS) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of PICS (NASDAQ:PICS) from a hold rating to a buy rating in a report released on Saturday.

Several other research firms also recently issued reports on PICS. Citigroup began coverage on PICS in a research note on Monday, February 23rd. They issued a “buy” rating and a $28.00 price objective for the company. Bank of America began coverage on PICS in a research note on Tuesday, February 24th. They issued a “buy” rating and a $27.00 price objective for the company. Wolfe Research raised PICS to a “strong-buy” rating in a research note on Monday, February 23rd. Royal Bank Of Canada lowered their price objective on PICS from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. Finally, Wells Fargo & Company set a $27.00 price objective on PICS in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $24.17.

PICS Price Performance

PICS stock opened at $14.30 on Friday. The firm has a 50 day moving average price of $13.59. PICS has a 1 year low of $9.88 and a 1 year high of $19.95.

Insiders Place Their Bets

In other news, Director William Rodney Pruett bought 100,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was acquired at an average price of $11.80 per share, with a total value of $1,180,000.00. Following the transaction, the director owned 100,000 shares of the company’s stock, valued at $1,180,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.