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

Shares of Pinterest, Inc. (NYSE:PINS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-nine analysts that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $40.70.

A number of brokerages have recently weighed in on PINS. Deutsche Bank Aktiengesellschaft assumed coverage on Pinterest in a research note on Monday, September 23rd. They issued a "buy" rating and a $43.00 target price for the company. Wedbush upgraded shares of Pinterest from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. Roth Mkm lowered their target price on Pinterest from $39.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $41.00 price objective on shares of Pinterest in a report on Monday, October 7th. Finally, Wells Fargo & Company reduced their target price on Pinterest from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, January 13th.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm'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 sale, the insider now owns 246,921 shares of the company's stock, valued at approximately $7,610,105.22. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 of the company's stock, valued at approximately $967,295.28. The trade was a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock worth $589,131 over the last three months. Insiders own 7.11% of the company's stock.

Hedge Funds Weigh In On Pinterest

Several large investors have recently bought and sold shares of the company. Maverick Capital Ltd. grew its stake in shares of Pinterest by 47.6% in the third quarter. Maverick Capital Ltd. now owns 57,180 shares of the company's stock worth $1,851,000 after purchasing an additional 18,430 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Pinterest by 8.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company's stock valued at $49,855,000 after buying an additional 119,367 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Pinterest by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company's stock valued at $27,326,000 after buying an additional 32,539 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Pinterest by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company's stock valued at $137,669,000 after buying an additional 87,041 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its holdings in Pinterest by 20.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company's stock valued at $13,087,000 after acquiring an additional 68,096 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Trading Up 0.3 %

NYSE PINS opened at $30.50 on Monday. The firm has a market cap of $20.61 billion, a price-to-earnings ratio of 101.65, a PEG ratio of 1.52 and a beta of 1.04. Pinterest has a 1-year low of $27.00 and a 1-year high of $45.19. The company has a 50 day moving average of $30.41 and a 200-day moving average of $32.33.

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.