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

Shares of Pinterest, Inc. (NYSE:PINS) have earned an average rating of “Moderate Buy” from the thirty ratings firms that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.47.

A number of brokerages have commented on PINS. TD Cowen began coverage on shares of Pinterest in a report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 target price for the company. Rosenblatt Securities boosted their target price on shares of Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 target price (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Finally, Wedbush boosted their target price on shares of Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, February 7th.

Insider Transactions at Pinterest

In other news, CAO Andrea Acosta sold 3,667 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at $5,399,072.34. This represents a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value 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 represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,879 shares of company stock valued at $3,653,577 in the last three months. 7.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PINS. Price T Rowe Associates Inc. MD raised its stake in Pinterest by 104.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock valued at $737,533,000 after purchasing an additional 12,986,310 shares during the last quarter. Norges Bank acquired a new position in Pinterest in the 4th quarter valued at $358,205,000. Marshall Wace LLP raised its stake in Pinterest by 134.1% in the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock valued at $310,352,000 after purchasing an additional 6,129,985 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Pinterest in the 3rd quarter valued at $153,829,000. Finally, Ameriprise Financial Inc. raised its stake in Pinterest by 49.7% in the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock valued at $395,441,000 after purchasing an additional 4,527,902 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Price Performance

PINS stock opened at $31.85 on Tuesday. The business has a 50-day moving average price of $34.18 and a 200 day moving average price of $32.27. The company has a market capitalization of $21.60 billion, a P/E ratio of 11.84, a PEG ratio of 1.95 and a beta of 1.02. Pinterest has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS) last released 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 8.10%. On average, analysts anticipate that Pinterest will post 0.6 earnings per share for the current fiscal 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.