Pinterest (NYSE:PINS) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pinterest (NYSE:PINS) in a report issued on Monday, Briefing.com reports. The firm set a “buy” rating and a $43.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 41.54% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $48.00 price target on shares of Pinterest in a report on Wednesday, July 31st. Robert W. Baird dropped their price target on Pinterest from $44.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Stifel Nicolaus reduced their price objective on shares of Pinterest from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Wolfe Research initiated coverage on shares of Pinterest in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Pinterest from $49.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.79.

Pinterest Stock Down 0.5 %

Shares of NYSE:PINS opened at $30.38 on Monday. The company has a market cap of $20.75 billion, a PE ratio of 144.67, a P/E/G ratio of 3.22 and a beta of 1.00. Pinterest has a fifty-two week low of $23.59 and a fifty-two week high of $45.19. The firm has a 50-day simple moving average of $32.58 and a 200 day simple moving average of $36.74.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The company had revenue of $853.68 million for the quarter, compared to the consensus estimate of $848.75 million. During the same period in the previous year, the firm earned ($0.04) EPS. Pinterest’s revenue was up 20.6% on a year-over-year basis. As a group, research analysts forecast that Pinterest will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $44.38, for a total value of $1,343,826.40. Following the completion of the sale, the chief financial officer now directly owns 362,822 shares in the company, valued at $16,102,040.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several hedge funds and other institutional investors have recently made changes to their positions in PINS. Brown Shipley& Co Ltd bought a new position in Pinterest in the second quarter valued at about $25,000. Wellington Shields Capital Management LLC bought a new position in Pinterest in the second quarter valued at approximately $26,000. Hexagon Capital Partners LLC grew its holdings in Pinterest by 157.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after acquiring an additional 459 shares during the period. GAMMA Investing LLC boosted its position in shares of Pinterest by 113.4% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after purchasing an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Pinterest in the second quarter valued at about $35,000. 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.