Pinterest (NYSE:PINS) Price Target Lowered to $39.00 at UBS Group

Pinterest (NYSE:PINS) had its target price lowered by UBS Group from $50.00 to $39.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on the company. TD Cowen reduced their price objective on Pinterest from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday. Raymond James downgraded Pinterest from an “overweight” rating to a “market perform” rating in a research note on Monday. Roth Capital set a $32.00 price objective on Pinterest in a research note on Monday, February 3rd. Wells Fargo & Company decreased their target price on shares of Pinterest from $47.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price target (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.23.

Pinterest Stock Performance

Pinterest stock opened at $26.35 on Friday. Pinterest has a one year low of $23.68 and a one year high of $45.19. The stock has a fifty day moving average of $33.42 and a 200 day moving average of $32.16. The stock has a market cap of $17.87 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99.

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

Insiders Place Their Bets

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the sale, the director now directly owns 29,086 shares in the company, valued at approximately $1,139,880.34. This represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 453,836 shares of company stock valued at $14,832,336 over the last ninety days. 7.11% of the stock is owned by insiders.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC bought a new position in shares of Pinterest during the fourth quarter valued at approximately $28,000. NBC Securities Inc. increased its stake in Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock worth $31,000 after purchasing an additional 999 shares during the period. American National Bank & Trust bought a new stake in shares of Pinterest during the first quarter worth $32,000. GAMMA Investing LLC boosted its stake in shares of Pinterest by 63.5% during 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 during the period. Finally, Strategic Investment Solutions Inc. IL grew its holdings in shares of Pinterest by 401.3% in the fourth 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 last quarter. 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.