Pinterest, Inc. (NYSE:PINS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Pinterest, Inc. (NYSE:PINS) has been given an average recommendation of “Moderate Buy” by the thirty analysts that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $43.32.

A number of equities analysts recently commented on PINS shares. Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Pinterest in a report on Friday, September 13th. Citigroup decreased their price objective on Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley boosted their price objective on Pinterest from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. UBS Group decreased their target price on shares of Pinterest from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Susquehanna lowered their price target on shares of Pinterest from $50.00 to $45.00 and set a “positive” rating on the stock in a report on Wednesday, July 31st.

Pinterest Stock Up 0.7 %

Pinterest stock opened at $33.17 on Friday. The business has a 50-day simple moving average of $31.50 and a two-hundred day simple moving average of $36.48. Pinterest has a 52-week low of $23.59 and a 52-week high of $45.19. The company has a market cap of $22.76 billion, a P/E ratio of 122.86, a P/E/G ratio of 2.62 and a beta of 1.01.

Pinterest (NYSE:PINS) last announced its earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The company had revenue of $853.68 million during the quarter, compared to analyst estimates of $848.75 million. During the same period in the previous year, the business posted ($0.04) earnings per share. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. Research analysts anticipate that Pinterest will post 0.39 EPS for the current fiscal year.

Insider Activity

In related news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the transaction, the chief financial officer now owns 297,351 shares in the company, valued at approximately $9,729,324.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the sale, the director now owns 33,686 shares of the company’s stock, valued at approximately $1,129,154.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the transaction, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.11% of the company’s stock.

Institutional Trading of Pinterest

Several institutional investors have recently added to or reduced their stakes in the company. Brown Shipley& Co Ltd purchased a new stake in shares of Pinterest in the second quarter worth approximately $25,000. Wellington Shields Capital Management LLC purchased a new stake in Pinterest in the second quarter worth $26,000. Hexagon Capital Partners LLC lifted its position in shares of Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after purchasing an additional 459 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares during the period. Finally, Rothschild Investment LLC bought a new position in shares of Pinterest in the second quarter worth about $35,000. Institutional investors own 88.81% of the company’s stock.

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.