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

Pinterest, Inc. (NYSE:PINS – Get Rating) has been assigned an average rating of “Hold” from the twenty-five research firms that are presently covering the firm, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $28.00.

A number of equities analysts recently issued reports on the company. Credit Suisse Group lifted their target price on Pinterest from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, February 7th. KeyCorp upped their price objective on shares of Pinterest from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, February 7th. Roth Capital reissued a “neutral” rating on shares of Pinterest in a research report on Tuesday, February 7th. Morgan Stanley raised their price objective on shares of Pinterest from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 7th. Finally, JPMorgan Chase & Co. reduced their target price on Pinterest from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, February 7th.

Pinterest Stock Up 6.0 %

NYSE:PINS opened at $26.53 on Friday. The business’s 50-day moving average price is $25.78 and its 200 day moving average price is $24.49. Pinterest has a 52-week low of $16.14 and a 52-week high of $29.17. The firm has a market cap of $18.14 billion, a P/E ratio of -176.85 and a beta of 0.99.

Pinterest (NYSE:PINS – Get Rating) last released its earnings results on Monday, February 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $877.21 million during the quarter, compared to analyst estimates of $886.78 million. Pinterest had a negative net margin of 3.43% and a negative return on equity of 2.25%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. Sell-side analysts expect that Pinterest will post -0.03 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman Benjamin Silbermann sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $26.50, for a total value of $3,975,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Pinterest news, SVP Naveen Gavini sold 4,765 shares of the company’s stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of $23.04, for a total transaction of $109,785.60. Following the completion of the sale, the senior vice president now directly owns 436,716 shares in the company, valued at $10,061,936.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Benjamin Silbermann sold 150,000 shares of Pinterest stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $26.50, for a total value of $3,975,000.00. The disclosure for this sale can be found here. Insiders have sold 348,267 shares of company stock valued at $8,889,717 over the last three months. 7.58% of the stock is currently owned by insiders.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can acquired a new position in shares of Pinterest during the third quarter valued at about $11,863,000. Balentine LLC bought a new stake in shares of Pinterest in the 3rd quarter worth approximately $217,000. KBC Group NV grew its holdings in shares of Pinterest by 2.1% during the 3rd quarter. KBC Group NV now owns 40,715 shares of the company’s stock worth $949,000 after purchasing an additional 828 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Pinterest during the third quarter valued at approximately $228,000. Finally, Nuveen Asset Management LLC boosted its stake in Pinterest by 4.6% during the third quarter. Nuveen Asset Management LLC now owns 2,136,387 shares of the company’s stock worth $49,777,000 after buying an additional 94,413 shares in the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.

Pinterest Company Profile

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Pinterest, Inc engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.