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

Shares of Pinterest, Inc. (NYSE:PINS) have been assigned a consensus recommendation of “Moderate Buy” from the thirty research firms that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $43.86.

A number of research analysts have issued reports on PINS shares. Barclays lifted their price objective on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their price target on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Guggenheim increased 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, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Robert W. Baird reduced their price target on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, November 8th.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the completion of the transaction, the director now directly owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the transaction, the insider now directly owns 246,921 shares of the company’s stock, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,157 shares of company stock valued at $589,131. 7.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pinterest

Hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board raised its position in Pinterest by 89.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 693,775 shares of the company’s stock valued at $20,119,000 after purchasing an additional 328,452 shares during the period. Strategic Investment Solutions Inc. IL increased its position in shares of Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock valued at $44,000 after purchasing an additional 1,204 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in Pinterest by 50.0% during the 4th quarter. Altshuler Shaham Ltd now owns 7,500 shares of the company’s stock valued at $218,000 after buying an additional 2,500 shares during the period. Marshall Wace LLP lifted its position in Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock worth $310,352,000 after buying an additional 6,129,985 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in Pinterest during the fourth quarter worth $2,433,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Performance

Shares of PINS stock opened at $39.02 on Friday. The firm has a market cap of $26.37 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.72 and a beta of 1.06. The business’s 50 day moving average price is $31.91 and its 200-day moving average price is $31.53. Pinterest has a fifty-two week low of $27.00 and a fifty-two week high of $45.19.

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