Pinterest’s (PINS) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Pinterest (NYSE:PINS) in a report published on Friday,Benzinga reports. They currently have a $50.00 price target on the stock, up from their previous price target of $45.00.

PINS has been the topic of several other reports. KeyCorp lifted their target price on Pinterest from $37.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday. Guggenheim lifted their price objective on shares of Pinterest from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company raised their target price on shares of Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday. Rosenblatt Securities boosted their price target on shares of Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Raymond James reduced their price objective on shares of Pinterest from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.86.

Pinterest Trading Up 19.1 %

Shares of PINS opened at $40.02 on Friday. The company’s 50 day simple moving average is $31.43 and its 200-day simple moving average is $31.50. The firm has a market cap of $27.04 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.06. Pinterest has a 12-month low of $27.00 and a 12-month high of $45.19.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 9.20% and a net margin of 51.07%. As a group, equities research analysts forecast that Pinterest will post 0.59 EPS for the current fiscal year.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the transaction, the director now directly owns 32,536 shares in the company, valued at approximately $967,295.28. This represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total value of $118,733.60. Following the completion of the sale, the chief accounting officer now directly owns 158,468 shares in the company, valued at approximately $4,893,491.84. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,157 shares of company stock valued at $589,131. 7.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Founders Financial Alliance LLC increased its stake in Pinterest by 5.9% during the fourth quarter. Founders Financial Alliance LLC now owns 10,056 shares of the company’s stock worth $292,000 after acquiring an additional 560 shares during the last quarter. Clare Market Investments LLC purchased a new stake in Pinterest during the fourth quarter worth approximately $252,000. Independent Advisor Alliance increased its position in shares of Pinterest by 26.3% in the fourth quarter. Independent Advisor Alliance now owns 10,916 shares of the company’s stock worth $317,000 after acquiring an additional 2,274 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Pinterest by 2.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 65,496 shares of the company’s stock valued at $1,900,000 after acquiring an additional 1,335 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Pinterest by 167.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 331,899 shares of the company’s stock valued at $9,625,000 after acquiring an additional 207,917 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

About Pinterest

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.