Pinterest, Inc. (NYSE:PINS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Pinterest, Inc. (NYSE:PINS) have been given a consensus rating of “Moderate Buy” by the thirty analysts that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and twenty-three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $43.17.

A number of research firms recently commented on PINS. Barclays boosted their target price on Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Guggenheim reaffirmed a “buy” rating on shares of Pinterest in a research note on Tuesday. The Goldman Sachs Group increased their target price on Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Oppenheimer raised their target price on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Raymond James upped their price target on shares of Pinterest from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, February 7th.

Pinterest Stock Performance

Shares of Pinterest stock opened at $25.78 on Friday. The stock has a market cap of $17.49 billion, a P/E ratio of 9.58, a P/E/G ratio of 1.95 and a beta of 0.99. The stock’s fifty day moving average is $34.40 and its 200 day moving average is $32.38. Pinterest has a one year low of $24.91 and a one year high of $45.19.

Pinterest (NYSE:PINS) last issued its earnings results 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 net margin of 51.07% and a return on equity of 8.10%. Analysts predict that Pinterest will post 0.6 EPS for the current year.

Insider Activity

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the transaction, the director now owns 29,086 shares of the company’s stock, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 453,836 shares of company stock worth $14,832,336. Insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several hedge funds have recently bought and sold shares of PINS. Leibman Financial Services Inc. raised its position in Pinterest by 102.2% during the fourth quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company’s stock worth $1,862,000 after acquiring an additional 32,464 shares during the period. Janney Capital Management LLC acquired a new stake in shares of Pinterest in the fourth quarter worth approximately $4,289,000. Jones Financial Companies Lllp increased its position in shares of Pinterest by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company’s stock worth $725,000 after purchasing an additional 11,925 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Pinterest during the third quarter worth approximately $1,296,000. Finally, Everence Capital Management Inc. acquired a new position in Pinterest in the 4th quarter valued at $520,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

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.