Pinterest, Inc. (NYSE:PINS) Receives $25.87 Average Target Price from Analysts

Shares of Pinterest, Inc. (NYSE:PINS) have been given a consensus rating of “Moderate Buy” by the thirty-four analysts that are covering the company, MarketBeat.com reports. Eighteen research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $25.8677.

Several research analysts have issued reports on PINS shares. Royal Bank Of Canada downgraded shares of Pinterest from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $38.00 to $17.00 in a research report on Friday, February 13th. Benchmark lowered their price target on Pinterest from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Mizuho set a $35.00 price target on Pinterest in a research report on Tuesday, February 3rd. KeyCorp decreased their price objective on Pinterest from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Finally, Guggenheim dropped their target price on Pinterest from $38.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 13th.

Pinterest Stock Up 1.4%

PINS opened at $17.81 on Tuesday. Pinterest has a 52 week low of $13.84 and a 52 week high of $39.93. The business’s 50 day moving average is $22.92 and its two-hundred day moving average is $28.64. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 1.24 and a beta of 0.92.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. Equities analysts expect that Pinterest will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the transaction, the chief financial officer directly owned 540,358 shares in the company, valued at $13,973,657.88. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Malik Ducard sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $155,160.00. Following the completion of the sale, the insider owned 699,773 shares of the company’s stock, valued at approximately $18,096,129.78. The trade was a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,407 shares of company stock worth $855,925 over the last three months. 7.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pinterest

A number of large investors have recently modified their holdings of PINS. MidFirst Bank purchased a new stake in shares of Pinterest in the fourth quarter valued at approximately $44,000. Pacer Advisors Inc. raised its position in Pinterest by 32.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,951,421 shares of the company’s stock worth $76,412,000 after acquiring an additional 730,358 shares in the last quarter. Kera Capital Partners Inc. lifted its holdings in Pinterest by 121.1% in the fourth quarter. Kera Capital Partners Inc. now owns 17,521 shares of the company’s stock valued at $454,000 after acquiring an additional 9,598 shares during the period. Compound Planning Inc. lifted its holdings in Pinterest by 11.7% in the fourth quarter. Compound Planning Inc. now owns 14,234 shares of the company’s stock valued at $369,000 after acquiring an additional 1,495 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Pinterest by 82.3% during the 4th quarter. Invesco Ltd. now owns 1,795,625 shares of the company’s stock worth $46,489,000 after purchasing an additional 810,605 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.