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

Shares of Pinterest, Inc. (NYSE:PINS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirty-one brokerages that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and twenty-three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $42.68.

PINS has been the topic of several research reports. Royal Bank of Canada increased their target price on Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Piper Sandler reaffirmed a "neutral" rating and set a $41.00 target price (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Barclays boosted their price target on shares of Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Stifel Nicolaus reiterated a "buy" rating and issued a $50.00 target price (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Finally, Monness Crespi & Hardt upgraded Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price target on the stock in a report on Friday, January 10th.

Pinterest Stock Performance

Shares of Pinterest stock traded up $3.49 on Friday, reaching $28.17. The company had a trading volume of 24,454,797 shares, compared to its average volume of 10,397,387. The firm's 50 day moving average price is $33.89 and its two-hundred day moving average price is $32.28. Pinterest has a 52-week low of $23.68 and a 52-week high of $45.19. The firm has a market cap of $19.10 billion, a PE ratio of 10.47, a PEG ratio of 1.95 and a beta of 0.99.

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Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (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%. As a group, sell-side analysts predict that Pinterest will post 0.6 EPS for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, 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 value of $45,068.50. Following the transaction, the director now directly owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. The trade was a 3.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the completion of the sale, the insider now owns 254,211 shares of the company's stock, valued at $8,350,831.35. This trade represents a 2.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 453,836 shares of company stock worth $14,832,336. 7.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in Pinterest during the 4th quarter worth approximately $28,000. GAMMA Investing LLC raised its position in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares in the last quarter. NBC Securities Inc. lifted its holdings in Pinterest by 99,900.0% in the first 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 during the 1st quarter worth $32,000. Finally, Strategic Investment Solutions Inc. IL grew 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 worth $44,000 after purchasing an additional 1,204 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

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.