PICS (NASDAQ:PICS) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

PICS (NASDAQ:PICS) posted its earnings results on Monday. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01), Zacks reports. PICS had a net margin of 10.00% and a return on equity of 15.20%.

PICS Price Performance

Shares of PICS stock traded up $0.30 during trading hours on Monday, hitting $10.90. 1,642,338 shares of the company’s stock were exchanged, compared to its average volume of 542,360. PICS has a fifty-two week low of $8.32 and a fifty-two week high of $19.95. The business’s 50 day moving average price is $11.39.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PICS. Weiss Ratings upgraded PICS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, August 3rd. Wall Street Zen lowered shares of PICS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Mizuho set a $18.00 target price on shares of PICS in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of PICS from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Royal Bank Of Canada dropped their price objective on shares of PICS from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $23.17.

Insider Buying and Selling

In related news, Director William Rodney Pruett purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $9.10 per share, with a total value of $227,500.00. Following the acquisition, the director owned 25,000 shares in the company, valued at $227,500. 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 available through this hyperlink. Also, Director Costa Jose Antonio Batista acquired 18,500 shares of PICS stock in a transaction on Wednesday, June 10th. The shares were bought at an average price of $9.47 per share, with a total value of $175,195.00. Following the completion of the transaction, the director directly owned 4,373,479 shares of the company’s stock, valued at $41,416,846.13. This trade represents a 0.42% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 136,130 shares of company stock valued at $1,267,515.

PICS Company Profile

PicS N.V. operates as a digital financial services company which provides digital wallet and application for individuals and businesses principally in Brazil. It offers a range of transactional products for its consumers, including Pix, an instant payment system, peer-to-peer between PicPay accounts, bill payments, payroll portability, global account and a payment assistant. PicS N.V., formerly known as Picpay Holdings Netherlands B.V., is based in S?o Paulo, Brazil.