PICS (NASDAQ:PICS) Director Acquires $1,180,000.00 in Stock

PICS (NASDAQ:PICS) Director William Rodney Pruett bought 100,000 shares of the stock in a transaction on Monday, March 23rd. The stock was purchased at an average cost of $11.80 per share, for a total transaction of $1,180,000.00. Following 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PICS Stock Up 0.1%

Shares of NASDAQ:PICS opened at $11.31 on Friday. PICS has a 12-month low of $10.30 and a 12-month high of $19.95.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of PICS to a “hold” rating in a research note on Wednesday, February 25th. Citigroup began coverage on shares of PICS in a report on Monday, February 23rd. They issued a “buy” rating and a $28.00 target price for the company. Mizuho cut their price target on PICS from $30.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Wolfe Research raised PICS to a “strong-buy” rating in a report on Monday, February 23rd. Finally, HSBC initiated coverage on PICS in a research report on Thursday, February 19th. They issued a “buy” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $24.33.