PICS’s Quiet Period To End on March 10th (NASDAQ:PICS)

PICS’s (NASDAQ:PICS) quiet period is set to expire on Tuesday, March 10th. PICS had issued 22,857,143 shares in its initial public offering on January 29th. The total size of the offering was $434,285,717 based on an initial share price of $19.00. During PICS’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PICS. Bank of America assumed coverage on shares of PICS in a research note on Tuesday, February 24th. They issued a “buy” rating and a $27.00 price target on the stock. HSBC initiated coverage on shares of PICS in a research report on Thursday, February 19th. They issued a “buy” rating and a $21.00 target price on the stock. Mizuho started coverage on shares of PICS in a research note on Monday, February 23rd. They set an “outperform” rating and a $30.00 target price for the company. Wall Street Zen lowered shares of PICS from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company set a $27.00 price objective on PICS in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, PICS has an average rating of “Buy” and an average price target of $25.50.

PICS Stock Up 7.0%

PICS stock opened at $15.37 on Thursday. PICS has a 12 month low of $12.80 and a 12 month high of $19.95.