Pinterest, Inc. (NYSE:PINS) Receives Average Rating of “Hold” from Brokerages

Shares of Pinterest, Inc. (NYSE:PINSGet Rating) have earned an average rating of “Hold” from the twenty-nine ratings firms that are covering the firm, MarketBeat.com reports. Fourteen analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.83.

PINS has been the topic of a number of recent analyst reports. Wedbush cut their target price on Pinterest from $39.00 to $26.00 in a research report on Thursday, April 28th. Morgan Stanley cut their target price on Pinterest from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th. Susquehanna Bancshares raised Pinterest to a “positive” rating and boosted their target price for the stock from $22.00 to $35.00 in a research report on Tuesday. Rosenblatt Securities initiated coverage on Pinterest in a research report on Tuesday, April 19th. They set a “neutral” rating and a $21.00 target price on the stock. Finally, Atlantic Securities set a $22.00 target price on Pinterest in a research report on Tuesday, July 19th.

Pinterest Stock Performance

PINS opened at $22.44 on Thursday. Pinterest has a one year low of $16.14 and a one year high of $66.00. The stock’s fifty day moving average is $19.47 and its 200-day moving average is $22.71. The company has a market capitalization of $14.89 billion, a PE ratio of 72.39, a P/E/G ratio of 5.62 and a beta of 1.19.

Pinterest (NYSE:PINSGet Rating) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Pinterest had a return on equity of 8.49% and a net margin of 8.10%. The firm had revenue of $666.00 million during the quarter, compared to the consensus estimate of $663.19 million. During the same period in the prior year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Pinterest will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, Director Evan Sharp sold 422,399 shares of the business’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $17.52, for a total value of $7,400,430.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Todd R. Morgenfeld sold 55,241 shares of the business’s stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $20.12, for a total transaction of $1,111,448.92. Following the completion of the transaction, the chief financial officer now owns 641,025 shares of the company’s stock, valued at approximately $12,897,423. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Evan Sharp sold 422,399 shares of the business’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $17.52, for a total value of $7,400,430.48. The disclosure for this sale can be found here. Insiders sold 548,619 shares of company stock valued at $10,307,146 over the last quarter. Insiders own 7.58% of the company’s stock.

Hedge Funds Weigh In On Pinterest

Several large investors have recently made changes to their positions in PINS. Allworth Financial LP raised its holdings in Pinterest by 134.4% in the 2nd quarter. Allworth Financial LP now owns 1,390 shares of the company’s stock valued at $25,000 after acquiring an additional 797 shares in the last quarter. Cohanzick Management LLC acquired a new position in Pinterest in the 1st quarter valued at approximately $25,000. KRS Capital Management LLC acquired a new position in Pinterest in the 4th quarter valued at approximately $26,000. Sandy Cove Advisors LLC acquired a new position in Pinterest in the 4th quarter valued at approximately $33,000. Finally, First Horizon Advisors Inc. raised its holdings in Pinterest by 212.0% in the 1st quarter. First Horizon Advisors Inc. now owns 1,404 shares of the company’s stock valued at $35,000 after acquiring an additional 954 shares in the last quarter. Institutional investors and hedge funds own 63.76% of the company’s stock.

About Pinterest

(Get Rating)

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

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Analyst Recommendations for Pinterest (NYSE:PINS)

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