Pinterest, Inc. (NYSE:PINS – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-seven brokerages that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $41.34.
A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Wedbush boosted their target price on Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. KeyCorp decreased their target price on Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Rosenblatt Securities reiterated a “buy” rating and set a $48.00 target price (up from $45.00) on shares of Pinterest in a research report on Wednesday, May 1st. Finally, Sanford C. Bernstein boosted their target price on Pinterest from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st.
Get Our Latest Analysis on Pinterest
Pinterest Stock Up 3.2 %
PINS stock opened at $44.11 on Friday. The business has a 50 day moving average price of $38.24 and a 200 day moving average price of $36.78. The stock has a market cap of $30.13 billion, a price-to-earnings ratio of 210.06, a PEG ratio of 4.26 and a beta of 0.97. Pinterest has a fifty-two week low of $23.59 and a fifty-two week high of $44.20.
Pinterest (NYSE:PINS – Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.05. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The firm had revenue of $739.98 million during the quarter, compared to analysts’ expectations of $699.96 million. As a group, sell-side analysts anticipate that Pinterest will post 0.43 EPS for the current year.
Insider Activity at Pinterest
In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,627 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.42, for a total value of $481,590.34. Following the transaction, the insider now owns 307,256 shares in the company, valued at $12,726,543.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Wanjiku Juanita Walcott sold 11,627 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.42, for a total transaction of $481,590.34. Following the completion of the sale, the insider now owns 307,256 shares in the company, valued at approximately $12,726,543.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,622 shares of company stock valued at $4,737,421. Company insiders own 7.11% of the company’s stock.
Hedge Funds Weigh In On Pinterest
Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Pinterest in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. bought a new stake in Pinterest during the 4th quarter worth approximately $30,000. Washington Trust Advisors Inc. grew its position in Pinterest by 46.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after acquiring an additional 326 shares during the last quarter. Quent Capital LLC grew its position in Pinterest by 71.2% during the 1st quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock worth $38,000 after acquiring an additional 460 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Pinterest during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 88.81% of the company’s stock.
Pinterest Company Profile
(Get Free Report
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.
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