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

Pinterest, Inc. (NYSE:PINSGet Free Report) has earned a consensus rating of “Moderate Buy” from the thirty ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, twenty have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $38.6429.

PINS has been the subject of several research analyst reports. Evercore ISI reiterated an “outperform” rating on shares of Pinterest in a research report on Tuesday. Wedbush lowered shares of Pinterest from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $34.00 to $30.00 in a report on Monday, December 8th. Citigroup reissued a “buy” rating on shares of Pinterest in a research report on Wednesday, November 5th. Morgan Stanley raised their target price on shares of Pinterest from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Wells Fargo & Company decreased their price target on shares of Pinterest from $42.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th.

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Pinterest Price Performance

Shares of NYSE:PINS opened at $22.30 on Friday. The firm has a market capitalization of $15.06 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 1.07 and a beta of 0.91. The business has a 50 day simple moving average of $26.09 and a two-hundred day simple moving average of $31.32. Pinterest has a 1 year low of $21.83 and a 1 year high of $40.90.

Pinterest (NYSE:PINSGet Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). Pinterest had a return on equity of 8.20% and a net margin of 48.99%.The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $0.40 earnings per share. Pinterest’s revenue was up 16.8% on a year-over-year basis. Equities research analysts expect that Pinterest will post 0.6 EPS for the current fiscal year.

Trending Headlines about Pinterest

Here are the key news stories impacting Pinterest this week:

Insiders Place Their Bets

In other Pinterest news, insider Malik Ducard sold 2,293 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $26.18, for a total value of $60,030.74. Following the completion of the sale, the insider directly owned 697,480 shares in the company, valued at approximately $18,260,026.40. This represents a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 74,047 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total value of $1,991,123.83. Following the transaction, the insider owned 301,214 shares in the company, valued at approximately $8,099,644.46. This represents a 19.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 105,161 shares of company stock worth $2,796,466. 7.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pinterest

Hedge funds and other institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC lifted its holdings in Pinterest by 282.7% during the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after buying an additional 506 shares during the period. N.E.W. Advisory Services LLC increased its holdings in shares of Pinterest by 505.7% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares during the period. Atlantic Union Bankshares Corp raised its position in shares of Pinterest by 3,839.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after acquiring an additional 883 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest during the 4th quarter worth $26,000. Finally, Wellington Shields Capital Management LLC bought a new stake in Pinterest during the second quarter valued at about $40,000. 88.81% of the stock is currently owned by institutional investors.

About Pinterest

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Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

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Analyst Recommendations for Pinterest (NYSE:PINS)

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