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

Pinterest, Inc. (NYSE:PINS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirty analysts that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.47.

A number of research analysts have recently commented on PINS shares. Monness Crespi & Hardt raised Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 target price on the stock in a research note on Friday, January 10th. Benchmark raised Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research note on Friday, February 7th. Guggenheim upped their target price on Pinterest from $33.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Jefferies Financial Group reissued a "hold" rating and issued a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Finally, KeyCorp increased their price objective on Pinterest from $37.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th.

Pinterest Stock Performance

PINS stock traded down $2.28 during midday trading on Tuesday, reaching $31.00. 17,008,509 shares of the company traded hands, compared to its average volume of 9,753,077. Pinterest has a 52-week low of $27.00 and a 52-week high of $45.19. The business has a 50 day moving average of $34.32 and a 200-day moving average of $32.27. The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.95 and a beta of 1.02.

Remove Ads

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Research analysts anticipate that Pinterest will post 0.6 earnings per share for the current year.

Insider Activity

In related news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the transaction, the director now owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction on Monday, February 24th. The stock was 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 $5,399,072.34. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,879 shares of company stock worth $3,653,577. Insiders own 7.11% of the company's stock.

Hedge Funds Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC purchased a new position in shares of Pinterest during the 4th quarter valued at about $28,000. GAMMA Investing LLC raised its stake in shares of Pinterest by 63.5% during the 4th 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 raised its stake in shares of Pinterest by 91.1% during the 3rd 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 raised its stake in shares of Pinterest by 401.3% during the 4th 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 raised its stake in shares of Pinterest by 8,261.1% during the 3rd 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.

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.