Pinterest (NYSE:PINS) has been assigned a consensus recommendation of “Hold” from the twenty-three analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $28.73.

A number of equities research analysts have recently commented on PINS shares. Pivotal Research cut shares of Pinterest from a “buy” rating to a “hold” rating and reduced their target price for the company from $32.00 to $23.50 in a report on Friday, November 1st. Zacks Investment Research downgraded shares of Pinterest from a “hold” rating to a “sell” rating in a research note on Wednesday. Rosenblatt Securities reissued a “neutral” rating and set a $23.00 price target (down previously from $31.00) on shares of Pinterest in a report on Friday, November 1st. Argus upgraded Pinterest from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, August 15th. Finally, Robert W. Baird reduced their price objective on Pinterest from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Shares of Pinterest stock traded up $0.32 during trading on Tuesday, reaching $18.76. The company’s stock had a trading volume of 4,906,811 shares, compared to its average volume of 7,754,870. The company has a 50-day moving average price of $21.49 and a two-hundred day moving average price of $26.83. Pinterest has a fifty-two week low of $18.15 and a fifty-two week high of $36.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 13.75 and a current ratio of 13.75.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.16. The business had revenue of $279.70 million for the quarter, compared to analyst estimates of $282.09 million. The company’s quarterly revenue was up 47.1% on a year-over-year basis. As a group, equities analysts forecast that Pinterest will post -3.38 earnings per share for the current year.

In other Pinterest news, CEO Benjamin Silbermann sold 66,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $20.64, for a total transaction of $1,372,560.00. Following the transaction, the chief executive officer now owns 66,500 shares in the company, valued at approximately $1,372,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd R. Morgenfeld sold 65,833 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $18.98, for a total value of $1,249,510.34. Following the transaction, the chief financial officer now owns 294,414 shares in the company, valued at approximately $5,587,977.72. The disclosure for this sale can be found here. Insiders have sold 416,416 shares of company stock valued at $8,254,042 over the last three months.

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new stake in shares of Pinterest in the second quarter valued at about $1,184,000. Steward Partners Investment Advisory LLC purchased a new position in Pinterest in the 2nd quarter valued at approximately $80,000. SG Americas Securities LLC acquired a new position in Pinterest during the second quarter worth $134,000. Janney Montgomery Scott LLC acquired a new position in Pinterest during the second quarter worth $416,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in Pinterest during the second quarter worth $216,000. 21.65% of the stock is owned by institutional investors and hedge funds.

Pinterest Company Profile

Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.

See Also: QQQ ETF

Analyst Recommendations for Pinterest (NYSE:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.