Morgan Stanley Has Lowered Expectations for Pinterest (NYSE:PINS) Stock Price

Pinterest (NYSE:PINS) had its price objective lowered by research analysts at Morgan Stanley from $35.00 to $27.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 50.31% from the stock’s current price.

PINS has been the topic of several other reports. Roth Mkm decreased their price target on shares of Pinterest from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Zacks Research raised shares of Pinterest from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. KeyCorp cut their target price on shares of Pinterest from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft cut shares of Pinterest from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Friday, February 13th. Finally, Guggenheim dropped their price target on Pinterest from $38.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.61.

Pinterest Stock Down 3.8%

NYSE:PINS opened at $17.96 on Wednesday. The stock’s 50-day simple moving average is $19.81 and its 200 day simple moving average is $26.23. The firm has a market capitalization of $11.95 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.93. Pinterest has a twelve month low of $13.84 and a twelve month high of $39.93.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. On average, analysts anticipate that Pinterest will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Malik Ducard sold 2,293 shares of Pinterest stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the sale, the insider directly owned 695,187 shares in the company, valued at $15,335,825.22. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 5,636 shares of company stock worth $131,614. 7.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pinterest

Several large investors have recently modified their holdings of PINS. Snowden Capital Advisors LLC grew its stake in shares of Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in Pinterest by 3.9% in the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after purchasing an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. raised its position in Pinterest by 3.6% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock worth $369,000 after purchasing an additional 359 shares during the last quarter. Dynamic Wealth Strategies LLC lifted its holdings in Pinterest by 5.8% during the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock worth $237,000 after buying an additional 361 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Pinterest by 22.2% during the 3rd quarter. GAMMA Investing LLC now owns 2,143 shares of the company’s stock worth $69,000 after buying an additional 389 shares during the period. Institutional investors own 88.81% of the company’s stock.

About Pinterest

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.