Brokerages Set Pinterest, Inc. (NYSE:PINS) PT at $25.42

Shares of Pinterest, Inc. (NYSE:PINSGet Free Report) have been assigned a consensus rating of “Hold” from the thirty-four brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation, fifteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $25.5129.

PINS has been the subject of a number of recent analyst reports. Guggenheim reduced their target price on Pinterest from $25.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Wolfe Research set a $33.00 price target on shares of Pinterest and gave the stock an “outperform” rating in a research note on Monday, January 5th. TD Cowen reduced their price objective on shares of Pinterest from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Pinterest from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Friday, February 13th. Finally, Zacks Research upgraded shares of Pinterest from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th.

View Our Latest Research Report on PINS

More Pinterest News

Here are the key news stories impacting Pinterest this week:

Insider Activity at Pinterest

In other news, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the sale, the insider owned 695,187 shares of the company’s stock, valued at $15,335,825.22. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the sale, the director owned 27,450 shares in the company, valued at approximately $549,000. This represents a 7.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,443 shares of company stock worth $113,584 in the last three months. Corporate insiders own 7.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PINS. Revolve Wealth Partners LLC purchased a new stake in shares of Pinterest in the 4th quarter worth about $252,000. Integrated Wealth Concepts LLC increased its holdings in Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after acquiring an additional 607 shares in the last quarter. Empowered Funds LLC raised its position in Pinterest by 45.6% during the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after acquiring an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after purchasing an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Pinterest in the second quarter valued at about $696,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Trading Down 0.2%

Shares of PINS stock opened at $20.60 on Wednesday. The stock has a 50 day simple moving average of $18.31 and a 200-day simple moving average of $24.10. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88. Pinterest has a 12-month low of $13.84 and a 12-month high of $39.93.

Pinterest (NYSE:PINSGet Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities analysts forecast that Pinterest will post 0.63 earnings per share for the current fiscal year.

Pinterest Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Pinterest (NYSE:PINS)

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