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

Shares of Pinterest, Inc. (NYSE:PINS) have received a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $41.37.

A number of research analysts have recently weighed in on PINS shares. Royal Bank of Canada lifted their price objective on Pinterest from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein upped their price target on shares of Pinterest from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Loop Capital raised their price objective on shares of Pinterest from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Roth Mkm lifted their target price on shares of Pinterest from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets increased their price target on Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st.

Insider Activity

In other news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the completion of the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $43.90, for a total transaction of $168,795.50. Following the completion of the sale, the chief accounting officer now owns 189,470 shares of the company’s stock, valued at approximately $8,317,733. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,184 shares of company stock worth $2,255,783. 7.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pinterest

Institutional investors have recently modified their holdings of the company. ARK Investment Management LLC raised its stake in Pinterest by 152.3% during the 4th quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock valued at $53,507,000 after purchasing an additional 872,016 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Pinterest by 57.9% during the fourth quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock valued at $32,766,000 after buying an additional 323,547 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Pinterest by 3,402.0% in the fourth quarter. International Assets Investment Management LLC now owns 80,266 shares of the company’s stock valued at $2,973,000 after buying an additional 77,974 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Pinterest by 55.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock worth $6,477,000 after buying an additional 62,117 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in Pinterest by 48.5% during the fourth quarter. Raymond James Trust N.A. now owns 27,686 shares of the company’s stock valued at $1,025,000 after acquiring an additional 9,040 shares during the period. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $43.12 on Thursday. The firm has a market capitalization of $29.46 billion, a P/E ratio of 205.34, a P/E/G ratio of 4.32 and a beta of 0.97. The stock has a 50 day moving average price of $41.85 and a 200-day moving average price of $38.04. Pinterest has a 52-week low of $23.59 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The business had revenue of $739.98 million during the quarter, compared to analyst estimates of $699.96 million. On average, equities analysts forecast that Pinterest will post 0.44 EPS for the current fiscal year.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.