Pinterest's (PINS) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Pinterest (NYSE:PINS - Free Report) in a research report sent to investors on Monday morning, Marketbeat.com reports. They currently have a $32.00 target price on the stock, down from their prior target price of $40.00.

Several other research firms also recently weighed in on PINS. Rosenblatt Securities reduced their target price on shares of Pinterest from $48.00 to $46.00 and set a "buy" 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 research note on Monday, October 7th. Royal Bank of Canada restated an "outperform" rating and set a $48.00 target price on shares of Pinterest in a research report on Tuesday, December 10th. Robert W. Baird cut their price target on Pinterest from $41.00 to $36.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Pinterest in a research note on Monday, September 23rd. They set a "buy" rating and a $43.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and a consensus price target of $40.86.

Pinterest Trading Down 0.8 %

Shares of PINS stock traded down $0.24 on Monday, hitting $30.42. 11,012,268 shares of the stock were exchanged, compared to its average volume of 10,075,351. Pinterest has a one year low of $27.00 and a one year high of $45.19. The firm's 50 day moving average is $30.58 and its two-hundred day moving average is $32.70. The firm has a market capitalization of $20.56 billion, a PE ratio of 101.40, a P/E/G ratio of 2.17 and a beta of 1.04.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the sale, the director now directly owns 32,536 shares of the company's stock, valued at $967,295.28. This represents a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Andrea Acosta sold 3,845 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the sale, the chief accounting officer now directly owns 158,468 shares in the company, valued at $4,893,491.84. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,157 shares of company stock valued at $592,685 over the last three months. 7.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Brown Shipley& Co Ltd purchased a new stake in shares of Pinterest during the second quarter valued at $25,000. GAMMA Investing LLC grew its stake in shares of 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 during the period. V Square Quantitative Management LLC purchased a new position in shares of Pinterest during the third quarter valued at approximately $37,000. Crewe Advisors LLC lifted its position in Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock valued at $37,000 after purchasing an additional 550 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Pinterest during the second quarter valued at approximately $52,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

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.