Pinterest, Inc. (NYSE:PINS) Receives $43.86 Consensus Target Price from Analysts

Pinterest, Inc. (NYSE:PINS) has been assigned an average recommendation of “Moderate Buy” from the thirty ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $43.86.

Several 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 price target for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased their price target on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Barclays raised their price target on shares of Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Oppenheimer boosted their price objective on shares of Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, TD Cowen initiated coverage on shares of Pinterest in a research note on Tuesday, November 26th. They issued a “buy” rating and a $38.00 target price for the company.

Pinterest Price Performance

Shares of Pinterest stock opened at $39.66 on Friday. Pinterest has a 1 year low of $27.00 and a 1 year high of $45.19. The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.93 and a beta of 1.06. The firm’s 50-day moving average is $32.78 and its two-hundred day moving average is $31.78.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, equities analysts expect that Pinterest will post 0.6 earnings per share for the current year.

Insider Activity

In other news, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the transaction, the insider now owns 246,921 shares in the company, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now owns 29,086 shares of the company’s stock, valued at $1,139,880.34. The trade was a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,157 shares of company stock worth $600,010 in the last ninety days. Company insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

A number of large investors have recently modified their holdings of PINS. Whipplewood Advisors LLC acquired a new position in Pinterest during the fourth quarter worth about $28,000. GAMMA Investing LLC grew its position in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Pinterest in the third quarter valued at approximately $37,000. Crewe Advisors LLC increased its holdings in shares of Pinterest by 91.1% in 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 last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its position in Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after buying an additional 1,204 shares in 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.