Pinterest, Inc. (NYSE:PINS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Pinterest, Inc. (NYSE:PINS) have been given a consensus recommendation of “Moderate Buy” by the twenty-seven brokerages that are currently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $41.37.

PINS has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Pinterest from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. KeyCorp decreased their price target on Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Stifel Nicolaus raised their price objective on Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada boosted their target price on Pinterest from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Roth Mkm upped their target price on Pinterest from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st.

Pinterest Stock Down 0.3 %

NYSE:PINS opened at $43.12 on Thursday. The company has a market capitalization of $29.46 billion, a PE ratio of 205.34, a P/E/G ratio of 4.32 and a beta of 0.97. The stock’s 50 day moving average price is $41.85 and its 200 day moving average price is $38.04. Pinterest has a 52-week low of $23.59 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The firm had revenue of $739.98 million for the quarter, compared to analyst estimates of $699.96 million. As a group, sell-side analysts anticipate that Pinterest will post 0.44 EPS for the current fiscal year.

Insider Activity at Pinterest

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total value of $1,343,826.40. Following the completion of the transaction, the chief financial officer now owns 362,822 shares in the company, valued at $16,102,040.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the sale, the chief financial officer now owns 362,822 shares in the company, valued at $16,102,040.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 2,564 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $45.00, for a total transaction of $115,380.00. Following the transaction, the chief accounting officer now owns 186,906 shares in the company, valued at $8,410,770. The disclosure for this sale can be found here. Insiders sold a total of 52,184 shares of company stock worth $2,255,783 in the last quarter. Corporate insiders own 7.11% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its stake in shares of Pinterest by 15.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 14,154 shares of the company’s stock worth $383,000 after acquiring an additional 1,882 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of Pinterest in the third quarter valued at approximately $4,057,000. Bank of Nova Scotia grew its holdings in Pinterest by 28.1% during the third quarter. Bank of Nova Scotia now owns 15,319 shares of the company’s stock worth $414,000 after buying an additional 3,359 shares in the last quarter. Lazard Asset Management LLC raised its position in Pinterest by 1.9% in the 3rd quarter. Lazard Asset Management LLC now owns 48,029 shares of the company’s stock valued at $1,298,000 after buying an additional 901 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in Pinterest by 7.0% during the 3rd quarter. Alps Advisors Inc. now owns 35,973 shares of the company’s stock valued at $972,000 after acquiring an additional 2,338 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

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.