Analysts Set PICS (NASDAQ:PICS) Target Price at $24.17

PICS (NASDAQ:PICS) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.1667.

Several analysts recently issued reports on PICS shares. Bank of America started coverage on shares of PICS in a research report on Tuesday, February 24th. They set a “buy” rating and a $27.00 target price for the company. Zacks Research raised PICS to a “hold” rating in a report on Wednesday, February 25th. Wolfe Research raised PICS to a “strong-buy” rating in a report on Monday, February 23rd. Citigroup assumed coverage on PICS in a research report on Monday, February 23rd. They issued a “buy” rating and a $28.00 price target for the company. Finally, HSBC assumed coverage on PICS in a research note on Thursday, February 19th. They issued a “buy” rating and a $21.00 price objective on the stock.

PICS Stock Performance

Shares of NASDAQ:PICS opened at $14.30 on Wednesday. The stock has a 50-day moving average price of $13.59. PICS has a 52-week low of $9.88 and a 52-week high of $19.95.

Insider Transactions at PICS

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