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

Shares of Pinterest, Inc. (NYSE:PINS - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-eight ratings firms that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $41.46.

Several equities research analysts have issued reports on the stock. KeyCorp cut their price objective on shares of Pinterest from $45.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $48.00 price target on shares of Pinterest in a research note on Tuesday, December 10th. UBS Group dropped their price target on Pinterest from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Robert W. Baird dropped their price target on shares of Pinterest from $41.00 to $36.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Pinterest from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, November 8th.

Insider Transactions at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the sale, the insider now directly owns 246,921 shares of the company's stock, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the sale, the chief financial officer now directly owns 297,351 shares in the company, valued at $9,729,324.72. This represents a 9.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,437 shares of company stock worth $1,583,447 over the last ninety days. 7.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pinterest

A number of institutional investors and hedge funds have recently bought and sold shares of PINS. Brown Shipley& Co Ltd bought a new stake in shares of Pinterest in the 2nd quarter valued at approximately $25,000. Wellington Shields Capital Management LLC bought a new position in Pinterest in the 2nd quarter valued at $26,000. Rothschild Investment LLC bought a new position in Pinterest in the 2nd quarter valued at $35,000. V Square Quantitative Management LLC acquired a new stake in Pinterest in the third quarter worth about $37,000. Finally, Crewe Advisors LLC grew its holdings in Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock worth $37,000 after acquiring an additional 550 shares during the period. Institutional investors own 88.81% of the company's stock.

Pinterest Price Performance

PINS traded up $0.02 during trading on Thursday, reaching $29.92. The company had a trading volume of 3,810,842 shares, compared to its average volume of 9,667,029. Pinterest has a 12 month low of $27.00 and a 12 month high of $45.19. The business's fifty day moving average price is $31.08 and its 200 day moving average price is $34.01. The company has a market cap of $20.22 billion, a P/E ratio of 99.74, a PEG ratio of 2.17 and a beta of 1.02.

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.