Pinterest, Inc. (NYSE:PINS) Receives Consensus Rating of “Moderate Buy” from Analysts

Pinterest, Inc. (NYSE:PINS) has been given an average rating of “Moderate Buy” by the thirty-four analysts that are currently covering the company, MarketBeat.com reports. Eighteen analysts have rated the stock with a hold rating, fifteen 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 $25.8677.

A number of brokerages have recently issued reports on PINS. Robert W. Baird restated a “neutral” rating and set a $20.00 price objective (down from $35.00) on shares of Pinterest in a research report on Friday, February 13th. BMO Capital Markets set a $28.00 price target on shares of Pinterest and gave the stock an “outperform” rating in a report on Friday, February 13th. Citigroup lowered shares of Pinterest from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $19.00 in a research note on Friday, February 13th. Mizuho set a $35.00 price objective on shares of Pinterest in a research report on Tuesday, February 3rd. Finally, KeyCorp dropped their target price on shares of Pinterest from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd.

Insider Transactions at Pinterest

In other news, insider Malik Ducard sold 6,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $155,160.00. Following the transaction, the insider directly owned 699,773 shares of the company’s stock, valued at $18,096,129.78. The trade was a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the sale, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at $13,973,657.88. This represents a 4.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,407 shares of company stock worth $855,925 over the last three months. 7.11% of the stock is owned by company insiders.

Institutional Trading of Pinterest

Several hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its stake 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 acquiring an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC raised its holdings in shares of Pinterest by 505.7% during the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares during the period. Atlantic Union Bankshares Corp boosted its position in shares of Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 883 shares in the last quarter. Elevated Capital Advisors LLC acquired a new stake in shares of Pinterest in the 4th quarter valued at about $26,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after buying an additional 1,049 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Performance

PINS stock opened at $16.64 on Tuesday. The company has a market capitalization of $11.07 billion, a P/E ratio of 27.27, a PEG ratio of 1.25 and a beta of 0.92. Pinterest has a 52-week low of $13.84 and a 52-week high of $39.93. The company has a fifty day moving average price of $23.43 and a 200-day moving average price of $28.92.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that Pinterest will post 0.6 earnings per share for the current fiscal year.

Pinterest Company Profile

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.