Pinterest, Inc. (NYSE:PINS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Pinterest, Inc. (NYSE:PINS) have been given a consensus rating of “Moderate Buy” by the twenty-eight analysts that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $41.46.

Several brokerages have commented on PINS. JPMorgan Chase & Co. decreased their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Oppenheimer decreased their price target on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Pinterest in a research report on Monday, September 23rd. They set a “buy” rating and a $43.00 price objective on the stock. Rosenblatt Securities decreased their target price on Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $48.00 target price on shares of Pinterest in a research note on Tuesday, December 10th.

Insider Transactions at Pinterest

In other news, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total value of $118,733.60. Following the transaction, the chief accounting officer now directly owns 158,468 shares in the company, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total value of $35,627.00. Following the sale, the director now owns 31,386 shares of the company’s stock, valued at approximately $972,338.28. This trade represents a 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,437 shares of company stock worth $1,583,447 over the last quarter. 7.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pinterest

Large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in shares of Pinterest by 5.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock worth $205,000 after acquiring an additional 313 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Pinterest by 3.7% during the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after purchasing an additional 339 shares in the last quarter. Leibman Financial Services Inc. grew its holdings in Pinterest by 1.2% during the third quarter. Leibman Financial Services Inc. now owns 31,758 shares of the company’s stock valued at $1,028,000 after purchasing an additional 368 shares during the period. Toronto Dominion Bank increased its position in Pinterest by 0.7% in the second quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock worth $2,510,000 after buying an additional 372 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its stake in shares of Pinterest by 1.6% in the second quarter. Cornercap Investment Counsel Inc. now owns 23,197 shares of the company’s stock worth $1,022,000 after buying an additional 373 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

PINS opened at $29.90 on Thursday. The stock has a market capitalization of $20.21 billion, a PE ratio of 99.67, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The stock’s 50 day moving average price is $31.15 and its 200-day moving average price is $34.04. Pinterest has a 52-week low of $27.00 and a 52-week high of $45.19.

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.