Brokerages Set Pinterest, Inc. (NYSE:PINS) PT at $43.86

Shares of Pinterest, Inc. (NYSE:PINS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirty research firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $43.86.

Several research analysts recently commented on PINS shares. Morgan Stanley increased their price objective on Pinterest from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Monness Crespi & Hardt raised Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price objective for the company in a research note on Friday, January 10th. Roth Mkm reduced their price objective on Pinterest from $39.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Royal Bank of Canada increased their price objective on Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, TD Cowen started coverage on Pinterest in a research note on Tuesday, November 26th. They issued a "buy" rating and a $38.00 price objective for the company.

Pinterest Stock Down 0.3 %

Shares of PINS stock traded down $0.13 during trading hours on Friday, hitting $38.96. 7,736,410 shares of the company's stock were exchanged, compared to its average volume of 10,502,726. The firm has a market cap of $26.33 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.72 and a beta of 1.06. The firm has a 50 day moving average of $32.31 and a two-hundred day moving average of $31.60. Pinterest has a fifty-two week low of $27.00 and a fifty-two week high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results 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 return on equity of 9.20% and a net margin of 51.07%. On average, equities analysts forecast that Pinterest will post 0.59 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the firm'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. This trade represents a 3.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Andrea Acosta sold 3,845 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total value of $118,733.60. Following the transaction, the chief accounting officer now owns 158,468 shares of the company's stock, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock worth $589,131 in the last three months. 7.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pinterest

Hedge funds have recently bought and sold shares of the stock. Whipplewood Advisors LLC acquired a new stake in Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC raised its position in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after purchasing an additional 415 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Pinterest in the 3rd quarter valued at about $37,000. Crewe Advisors LLC raised its position in Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock valued at $37,000 after purchasing an additional 550 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its position in Pinterest by 401.3% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after purchasing an additional 1,204 shares in the last quarter. Institutional investors and hedge funds 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.