Pinterest, Inc. (NYSE:PINS) Stock Has Average Price Target of $26.50 According to Analysts

Shares of Pinterest, Inc. (NYSE:PINS) have received a consensus rating of “Hold” from the thirty-seven analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $25.97.

PINS has been the topic of several recent analyst reports. Wedbush reduced their target price on Pinterest from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Sanford C. Bernstein restated an “outperform” rating and set a $22.00 price target on shares of Pinterest in a research report on Friday, October 30th. Susquehanna dropped their price target on Pinterest from $32.00 to $25.00 and set a “positive” rating for the company in a report on Friday, October 30th. JPMorgan Chase & Co. dropped their price target on Pinterest from $27.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Finally, UBS Group cut their price objective on Pinterest from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, October 30th.

Insiders Place Their Bets

In related news, CFO Julia Donnelly sold 29,548 shares of Pinterest stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $18.61, for a total value of $549,888.28. Following the completion of the transaction, the chief financial officer directly owned 751,921 shares of the company’s stock, valued at $13,993,249.81. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Walcott sold 14,103 shares of Pinterest stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $18.21, for a total value of $256,815.63. Following the completion of the transaction, the insider directly owned 658,902 shares of the company’s stock, valued at $11,998,605.42. This represents a 2.10% decrease in their ownership of the stock. 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 a total of 680,656 shares of company stock worth $14,279,677 over the last ninety days. Company insiders own 8.09% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Machina Capital S.A.S. acquired a new stake in shares of Pinterest during the third quarter worth $326,000. Illinois Municipal Retirement Fund lifted its stake in Pinterest by 15.8% in the third quarter. Illinois Municipal Retirement Fund now owns 260,848 shares of the company’s stock valued at $4,927,000 after buying an additional 35,645 shares during the period. New York Life Investment Management LLC lifted its stake in Pinterest by 7.4% in the third quarter. New York Life Investment Management LLC now owns 82,057 shares of the company’s stock valued at $1,550,000 after buying an additional 5,657 shares during the period. M&G PLC lifted its stake in Pinterest by 132.0% in the third quarter. M&G PLC now owns 1,416,640 shares of the company’s stock valued at $26,916,000 after buying an additional 806,097 shares during the period. Finally, AlphaCore Capital LLC bought a new position in Pinterest during the third quarter worth about $197,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Trading Down 6.9%

Shares of PINS stock opened at $19.76 on Friday. Pinterest has a 12-month low of $13.84 and a 12-month high of $27.96. The company has a market capitalization of $11.07 billion, a P/E ratio of 66.31, a P/E/G ratio of 1.70 and a beta of 0.98. The firm has a 50-day moving average price of $20.39 and a 200 day moving average price of $20.66. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 0.32.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.21 billion. Pinterest had a net margin of 3.81% and a return on equity of 6.58%. Pinterest’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. Research analysts forecast that Pinterest will post 0.51 earnings per share for the current fiscal year.

About Pinterest

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.