Pinterest (NYSE:PINS) PT Raised to $25.00 at Citigroup

Pinterest (NYSE:PINSGet Rating) had its target price boosted by equities research analysts at Citigroup from $24.00 to $25.00 in a report issued on Tuesday, The Fly reports. The firm currently has a “maintains” rating on the stock. Citigroup’s price target points to a potential upside of 11.41% from the stock’s current price.

PINS has been the subject of several other research reports. Barclays lifted their price target on Pinterest from $20.00 to $23.00 and gave the company a “maintains” rating in a report on Tuesday. UBS Group decreased their target price on Pinterest from $35.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, June 16th. Morgan Stanley decreased their target price on Pinterest from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. TheStreet cut Pinterest from a “c” rating to a “d+” rating in a report on Tuesday, May 31st. Finally, Piper Sandler decreased their target price on Pinterest from $23.00 to $22.00 and set a “maintains” rating for the company in a report on Tuesday. Fifteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pinterest currently has an average rating of “Hold” and a consensus target price of $29.60.

Pinterest Price Performance

PINS opened at $22.44 on Tuesday. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 72.39, a price-to-earnings-growth ratio of 5.62 and a beta of 1.19. The business has a 50-day moving average of $19.47 and a two-hundred day moving average of $22.71. Pinterest has a 12 month low of $16.14 and a 12 month high of $66.00.

Pinterest (NYSE:PINSGet Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). The business had revenue of $666.00 million during the quarter, compared to analysts’ expectations of $663.19 million. Pinterest had a net margin of 8.10% and a return on equity of 8.49%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. Equities research analysts anticipate that Pinterest will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Evan Sharp sold 422,399 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is available through this hyperlink. In related news, Director Evan Sharp sold 422,399 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $17.52, for a total transaction of $7,400,430.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Todd R. Morgenfeld sold 55,241 shares of the company’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $20.12, for a total value of $1,111,448.92. Following the sale, the chief financial officer now directly owns 641,025 shares in the company, valued at $12,897,423. The disclosure for this sale can be found here. Insiders have sold a total of 548,619 shares of company stock valued at $10,307,146 in the last three months. Corporate insiders own 7.58% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several institutional investors and hedge funds have recently made changes to their positions in the company. TFC Financial Management raised its position in shares of Pinterest by 23.5% during the 4th quarter. TFC Financial Management now owns 2,287 shares of the company’s stock valued at $83,000 after acquiring an additional 435 shares in the last quarter. Argent Trust Co increased its position in Pinterest by 2.6% in the fourth quarter. Argent Trust Co now owns 18,713 shares of the company’s stock worth $680,000 after buying an additional 470 shares during the period. Blair William & Co. IL increased its position in Pinterest by 5.7% in the fourth quarter. Blair William & Co. IL now owns 8,907 shares of the company’s stock worth $324,000 after buying an additional 483 shares during the period. Mengis Capital Management Inc. increased its position in Pinterest by 4.3% in the first quarter. Mengis Capital Management Inc. now owns 12,000 shares of the company’s stock worth $295,000 after buying an additional 500 shares during the period. Finally, Koss Olinger Consulting LLC increased its position in Pinterest by 7.2% in the fourth quarter. Koss Olinger Consulting LLC now owns 7,563 shares of the company’s stock worth $275,000 after buying an additional 508 shares during the period. 63.76% of the stock is owned by institutional investors and hedge funds.

About Pinterest

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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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