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

Shares of Pinterest, Inc. (NYSE:PINS) have received a consensus rating of “Moderate Buy” from the twenty-nine research firms that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $40.70.

A number of research firms recently weighed in on PINS. Wedbush upgraded shares of Pinterest from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Jefferies Financial Group restated a “hold” rating and issued a $32.00 target price (down previously from $40.00) on shares of Pinterest in a report on Monday, January 13th. Oppenheimer decreased their price target on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, November 8th. UBS Group dropped their price objective on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $41.00 target price on shares of Pinterest in a research note on Monday, October 7th.

Pinterest Trading Up 0.3 %

Shares of PINS stock opened at $30.50 on Monday. Pinterest has a 12 month low of $27.00 and a 12 month high of $45.19. The firm has a market capitalization of $20.61 billion, a PE ratio of 101.65, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04. The firm has a fifty day simple moving average of $30.41 and a two-hundred day simple moving average of $32.33.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total transaction of $34,189.50. Following the completion of the transaction, the director now directly owns 32,536 shares in the company, valued at $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the transaction, the insider now owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,157 shares of company stock worth $589,131. 7.11% of the stock is owned by company insiders.

Institutional Trading of Pinterest

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