Pinterest (NYSE:PINS) Price Target Cut to $41.00 by Analysts at KeyCorp

Pinterest (NYSE:PINS - Free Report) had its price target decreased by KeyCorp from $46.00 to $41.00 in a report released on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on PINS. Monness Crespi & Hardt upgraded shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price objective on the stock in a research report on Friday, January 10th. Guggenheim lifted their target price on shares of Pinterest from $33.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Benchmark upgraded shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research report on Friday, February 7th. Rosenblatt Securities lifted their target price on shares of Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $50.00 target price (up previously from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $43.30.

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Pinterest Stock Up 3.3 %

PINS traded up $1.03 on Tuesday, hitting $32.45. The company's stock had a trading volume of 15,160,111 shares, compared to its average volume of 9,902,161. The company's 50 day simple moving average is $34.39 and its 200-day simple moving average is $32.28. The firm has a market cap of $22.01 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. Pinterest has a 12 month low of $27.00 and a 12 month high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 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%. Equities analysts predict that Pinterest will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.85, for a total value of $219,766.50. Following the sale, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the sale, the director now owns 29,086 shares in the company, valued at approximately $1,139,880.34. The trade was a 3.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 207,812 shares of company stock worth $6,798,857. 7.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pinterest

Institutional investors have recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after buying an additional 415 shares during the last quarter. Crewe Advisors LLC grew its holdings in shares of Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock valued at $37,000 after buying an additional 550 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its holdings in shares of Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after buying an additional 1,204 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock valued at $49,000 after buying an additional 1,487 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

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.