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

Pinterest, Inc. (NYSE:PINS) has been given a consensus rating of “Hold” by the thirty-seven research firms that are covering the firm, MarketBeat reports. Nineteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $27.90.

A number of brokerages have commented on PINS. Cantor Fitzgerald restated an “overweight” rating and set a $30.00 price target on shares of Pinterest in a research note on Wednesday, August 5th. Citigroup increased their target price on Pinterest from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Evercore increased their target price on Pinterest from $27.00 to $29.00 and gave the stock an “in-line” rating in a report on Wednesday, August 5th. Rosenblatt Securities raised their target price on Pinterest from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Guggenheim boosted their price target on Pinterest from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 93,750 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $21.43, for a total value of $2,009,062.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Julia Donnelly sold 59,096 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the sale, the chief financial officer owned 817,409 shares of the company’s stock, valued at $19,192,763.32. This trade represents a 6.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 602,219 shares of company stock valued at $13,213,078 over the last quarter. Corporate insiders own 8.09% of the company’s stock.

Institutional Trading of Pinterest

Several large investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its stake in shares of Pinterest by 2.2% in the fourth quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock valued at $684,000 after acquiring an additional 560 shares during the last quarter. Coyle Financial Counsel LLC grew its position in Pinterest by 5.9% during the 4th quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company’s stock worth $274,000 after acquiring an additional 587 shares during the last quarter. Intech Investment Management LLC grew its position in Pinterest by 2.5% during the 4th quarter. Intech Investment Management LLC now owns 31,681 shares of the company’s stock worth $820,000 after acquiring an additional 779 shares during the last quarter. Resona Asset Management Co. Ltd. increased its holdings in Pinterest by 0.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 173,648 shares of the company’s stock valued at $3,176,000 after purchasing an additional 785 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Pinterest by 5.6% during the 4th quarter. Allworth Financial LP now owns 15,744 shares of the company’s stock valued at $408,000 after purchasing an additional 833 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Pinterest Stock Up 1.2%

Shares of PINS stock opened at $18.52 on Friday. Pinterest has a one year low of $13.84 and a one year high of $36.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. The stock has a fifty day moving average price of $22.31 and a 200 day moving average price of $20.76. The stock has a market cap of $10.38 billion, a P/E ratio of 54.48, a price-to-earnings-growth ratio of 1.20 and a beta of 0.90.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Analysts predict that Pinterest will post 0.58 earnings per share for the current year.

Pinterest Company Profile

Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.