Pinterest (NYSE:PINS) Receives Hold Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Pinterest (NYSE:PINS) in a report published on Monday, Marketbeat Ratings reports. Jefferies Financial Group currently has a $32.00 price target on the stock, down from their prior price target of $40.00.

PINS has been the topic of a number of other reports. Roth Mkm reduced their price objective on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. UBS Group reduced their price target on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. dropped their price objective on Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Pinterest in a research report on Tuesday, December 10th. Finally, Oppenheimer decreased their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.86.

Pinterest Trading Down 0.8 %

Shares of PINS opened at $30.42 on Monday. The company’s fifty day simple moving average is $30.58 and its 200-day simple moving average is $32.70. The company has a market cap of $20.56 billion, a P/E ratio of 101.40, a P/E/G ratio of 2.17 and a beta of 1.04. Pinterest has a twelve month low of $27.00 and a twelve month high of $45.19.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the completion of the sale, the director now directly owns 33,686 shares in the company, valued at $1,129,154.72. This trade represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the transaction, the insider now directly owns 246,921 shares in the company, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,157 shares of company stock worth $592,685 over the last quarter. Insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Large investors have recently modified their holdings of the business. State Street Corp increased its holdings in shares of Pinterest by 1.2% during the third quarter. State Street Corp now owns 12,773,652 shares of the company’s stock valued at $413,483,000 after acquiring an additional 156,748 shares in the last quarter. Geode Capital Management LLC grew its position in Pinterest by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company’s stock worth $305,710,000 after purchasing an additional 76,920 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in Pinterest by 51.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock valued at $285,248,000 after purchasing an additional 2,996,750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Pinterest by 8.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company’s stock worth $192,423,000 after buying an additional 460,708 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Pinterest during the third quarter worth $153,829,000. 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.