Pinterest (NYSE:PINS) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Pinterest (NYSE:PINS) in a research note issued to investors on Monday, Briefing.com reports. The firm set a “buy” rating and a $43.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 41.54% from the stock’s previous close.

A number of other brokerages have also weighed in on PINS. The Goldman Sachs Group upped their price objective on Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Wedbush reduced their price objective on shares of Pinterest from $46.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Susquehanna lowered their target price on shares of Pinterest from $50.00 to $45.00 and set a “positive” rating on the stock in a research report on Wednesday, July 31st. UBS Group reduced their price target on shares of Pinterest from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Robert W. Baird lowered their price target on Pinterest from $44.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Eight 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.79.

Pinterest Price Performance

NYSE:PINS opened at $30.38 on Monday. The firm has a market cap of $20.75 billion, a price-to-earnings ratio of 144.67, a price-to-earnings-growth ratio of 3.22 and a beta of 1.00. Pinterest has a 1-year low of $23.59 and a 1-year high of $45.19. The firm’s fifty day moving average price is $32.58 and its 200 day moving average price is $36.74.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $853.68 million for the quarter, compared to analyst estimates of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share. As a group, analysts expect that Pinterest will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the completion of the sale, the chief financial officer now owns 362,822 shares of the company’s stock, valued at approximately $16,102,040.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Brown Shipley& Co Ltd acquired a new position in Pinterest in the 2nd quarter worth $25,000. Wellington Shields Capital Management LLC acquired a new position in shares of Pinterest in the second quarter worth about $26,000. Hexagon Capital Partners LLC boosted its holdings in Pinterest by 157.7% in the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after purchasing an additional 459 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Pinterest by 113.4% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after buying an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Pinterest in the second quarter valued at $35,000. 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.