PICS (NASDAQ:PICS) Rating Increased to Buy at Wall Street Zen

PICS (NASDAQ:PICS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other brokerages also recently issued reports on PICS. Wells Fargo & Company set a $27.00 price objective on shares of PICS in a research report on Tuesday, February 24th. Royal Bank Of Canada lowered their price objective on shares of PICS from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Mizuho lowered their price objective on shares of PICS from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Bank of America initiated coverage on shares of PICS in a research report on Tuesday, February 24th. They set a “buy” rating and a $27.00 price objective for the company. Finally, Wolfe Research raised shares of PICS to a “strong-buy” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $24.17.

PICS Stock Up 6.0%

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

Insider Activity

In other PICS news, Director William Rodney Pruett bought 100,000 shares of PICS stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average price of $11.80 per share, for a total transaction of $1,180,000.00. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.