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

Shares of Pinterest, Inc. (NYSE:PINS) have earned a consensus recommendation of “Moderate Buy” from the twenty-nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $43.56.

PINS has been the subject of a number of research reports. Wedbush dropped their target price on shares of Pinterest from $46.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. UBS Group cut their price objective on shares of Pinterest from $57.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Wolfe Research assumed coverage on Pinterest in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. The Goldman Sachs Group increased their price target on Pinterest from $44.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Morgan Stanley boosted their price objective on Pinterest from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd.

Insider Transactions at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the transaction, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the sale, the chief financial officer now owns 297,351 shares of the company’s stock, valued at $9,729,324.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the transaction, the director now owns 33,686 shares of the company’s stock, valued at $1,129,154.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several institutional investors have recently added to or reduced their stakes in PINS. Leibman Financial Services Inc. boosted its stake in Pinterest by 0.9% in the second quarter. Leibman Financial Services Inc. now owns 31,390 shares of the company’s stock valued at $1,383,000 after acquiring an additional 266 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Pinterest by 5.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock valued at $205,000 after purchasing an additional 313 shares during the period. Raymond James Trust N.A. grew its stake in Pinterest by 1.1% during the 2nd quarter. Raymond James Trust N.A. now owns 30,012 shares of the company’s stock worth $1,323,000 after buying an additional 319 shares during the last quarter. Toronto Dominion Bank increased its position in Pinterest by 0.7% during the second quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock worth $2,510,000 after buying an additional 372 shares during the period. Finally, Cornercap Investment Counsel Inc. lifted its stake in Pinterest by 1.6% in the second quarter. Cornercap Investment Counsel Inc. now owns 23,197 shares of the company’s stock valued at $1,022,000 after buying an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Performance

Shares of PINS opened at $32.73 on Wednesday. The stock has a 50 day moving average price of $31.77 and a 200 day moving average price of $36.37. Pinterest has a one year low of $27.00 and a one year high of $45.19. The stock has a market capitalization of $22.46 billion, a price-to-earnings ratio of 121.22, a PEG ratio of 2.47 and a beta of 1.02.

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.