Pinterest, Inc. (NYSE:PINS) Given Consensus Rating of “Hold” by Brokerages

Shares of Pinterest, Inc. (NYSE:PINSGet Rating) have been assigned a consensus recommendation of “Hold” from the twenty-eight brokerages that are currently covering the company, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $29.08.

PINS has been the subject of several research reports. UBS Group lifted their target price on Pinterest from $19.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Citigroup lifted their price objective on Pinterest from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Morgan Stanley decreased their price objective on Pinterest from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 19th. The Goldman Sachs Group decreased their target price on Pinterest from $35.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, June 9th. Finally, Susquehanna raised Pinterest from a “neutral” rating to a “positive” rating and boosted their target price for the company from $22.00 to $35.00 in a research note on Tuesday, August 2nd.

Pinterest Stock Performance

Shares of PINS opened at $23.21 on Friday. The stock has a fifty day moving average price of $22.31 and a two-hundred day moving average price of $21.80. Pinterest has a 52-week low of $16.14 and a 52-week high of $66.00. The company has a market cap of $15.63 billion, a price-to-earnings ratio of 74.87 and a beta of 1.09.

Pinterest (NYSE:PINSGet Rating) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.11 earnings per share (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 the consensus estimate of $663.19 million. Pinterest had a net margin of 8.10% and a return on equity of 8.35%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, research analysts predict that Pinterest will post -0.15 EPS for the current fiscal year.

Insider Transactions at Pinterest

In other news, SVP Naveen Gavini sold 4,756 shares of Pinterest stock in a transaction on Monday, September 12th. The stock was sold at an average price of $25.47, for a total transaction of $121,135.32. Following the completion of the sale, the senior vice president now owns 492,141 shares of the company’s stock, valued at $12,534,831.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO William J. Ready purchased 222,551 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was acquired at an average price of $22.47 per share, with a total value of $5,000,720.97. Following the completion of the purchase, the chief executive officer now directly owns 222,551 shares in the company, valued at $5,000,720.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Naveen Gavini sold 4,756 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $25.47, for a total value of $121,135.32. Following the completion of the transaction, the senior vice president now directly owns 492,141 shares of the company’s stock, valued at approximately $12,534,831.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,750 shares of company stock valued at $2,919,216. 7.58% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in Pinterest by 134.4% during the second quarter. Allworth Financial LP now owns 1,390 shares of the company’s stock worth $25,000 after acquiring an additional 797 shares in the last quarter. Cohanzick Management LLC acquired a new position in Pinterest during the first quarter worth about $25,000. First Horizon Advisors Inc. raised its stake in Pinterest by 212.0% during the first quarter. First Horizon Advisors Inc. now owns 1,404 shares of the company’s stock worth $35,000 after acquiring an additional 954 shares in the last quarter. Lindbrook Capital LLC raised its stake in Pinterest by 135.0% during the first quarter. Lindbrook Capital LLC now owns 1,462 shares of the company’s stock worth $36,000 after acquiring an additional 840 shares in the last quarter. Finally, Duncker Streett & Co. Inc. acquired a new position in Pinterest during the first quarter worth about $39,000. Institutional investors and hedge funds own 70.78% of the company’s stock.

Pinterest Company Profile

(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.

Further Reading

Analyst Recommendations for Pinterest (NYSE:PINS)

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