Pinterest (NYSE:PINS) Cut to “Hold” at Hsbc Global Res

Hsbc Global Res downgraded shares of Pinterest (NYSE:PINSFree Report) from a strong-buy rating to a hold rating in a research report released on Friday,Zacks.com reports.

Several other analysts have also issued reports on PINS. Wedbush lowered Pinterest from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $34.00 to $30.00 in a report on Monday, December 8th. Monness Crespi & Hardt lowered Pinterest from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 5th. Sanford C. Bernstein dropped their price objective on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Pinterest in a research note on Monday, December 29th. Finally, Morgan Stanley upped their price target 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. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Get Our Latest Research Report on PINS

Pinterest Trading Down 1.1%

Shares of PINS opened at $22.11 on Friday. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 1.02 and a beta of 0.92. Pinterest has a 12 month low of $21.83 and a 12 month high of $40.90. The firm has a fifty day simple moving average of $26.03 and a 200 day simple moving average of $31.15.

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 the consensus estimate of $0.42 by ($0.04). Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, research analysts predict that Pinterest will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 74,047 shares of the stock in a transaction dated 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 directly owned 301,214 shares of the company’s stock, valued at $8,099,644.46. This represents a 19.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Malik Ducard sold 2,293 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $26.18, for a total transaction of $60,030.74. Following the sale, the insider owned 697,480 shares of the company’s stock, valued at approximately $18,260,026.40. This represents a 0.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 105,161 shares of company stock worth $2,796,466. Company insiders own 7.11% of the company’s stock.

Institutional Trading of Pinterest

Several hedge funds and other institutional investors have recently bought and sold shares of PINS. Revolve Wealth Partners LLC bought a new stake in Pinterest in the 4th quarter valued at about $252,000. Integrated Wealth Concepts LLC raised its position in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after buying an additional 607 shares in the last quarter. Empowered Funds LLC raised its position in shares of Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after buying an additional 4,748 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after buying an additional 2,649 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in Pinterest by 15.8% during the second quarter. Janney Montgomery Scott LLC now owns 103,057 shares of the company’s stock worth $3,696,000 after buying an additional 14,023 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Key Pinterest News

Here are the key news stories impacting Pinterest this week:

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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