Pinterest (NYSE:PINS - Get Free Report) had its price objective lowered by equities researchers at KeyCorp from $41.00 to $37.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's target price suggests a potential upside of 43.91% from the company's current price.
Several other equities research analysts have also issued reports on the stock. Piper Sandler restated a "neutral" rating and issued a $41.00 target price (up previously from $36.00) on shares of Pinterest in a report on Friday, February 7th. Bank of America dropped their target price on Pinterest from $46.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Stifel Nicolaus reiterated a "buy" rating and issued a $50.00 price target (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Wells Fargo & Company decreased their price target on Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Finally, Oppenheimer upped their price objective on Pinterest from $40.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.23.
Check Out Our Latest Analysis on PINS
Pinterest Price Performance
Shares of Pinterest stock traded down $0.66 during trading hours on Wednesday, reaching $25.71. The company's stock had a trading volume of 4,208,025 shares, compared to its average volume of 10,414,914. The firm has a 50 day moving average price of $33.42 and a 200-day moving average price of $32.16. The stock has a market cap of $17.44 billion, a P/E ratio of 9.56, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest has a one year low of $23.68 and a one year high of $45.19.
Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (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%. As a group, sell-side analysts forecast that Pinterest will post 0.6 EPS for the current fiscal year.
Insider Activity
In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction 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 directly owns 29,086 shares in the company, valued at $1,139,880.34. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 453,836 shares of company stock worth $14,832,336. Insiders own 7.11% of the company's stock.
Institutional Trading of Pinterest
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC acquired a new stake in shares of Pinterest during the fourth quarter worth about $28,000. GAMMA Investing LLC raised its position in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares during the last quarter. NBC Securities Inc. lifted its stake in Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after acquiring an additional 999 shares during the period. American National Bank & Trust purchased a new stake in shares of Pinterest in the 1st quarter valued at $32,000. Finally, Strategic Investment Solutions Inc. IL increased its stake in shares of Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after acquiring an additional 1,204 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.
About Pinterest
(
Get Free Report)
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.
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