Pinterest, Inc. (NYSE:PINS) Receives Average Rating of “Hold” from Analysts

Shares of Pinterest, Inc. (NYSE:PINS) have been given an average recommendation of “Hold” by the thirty-five brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $27.4031.

A number of research analysts have recently commented on PINS shares. UBS Group upped their price target on shares of Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Cantor Fitzgerald set a $18.00 target price on shares of Pinterest in a report on Friday, February 13th. Guggenheim increased their target price on shares of Pinterest from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their target price on shares of Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd.

Pinterest Trading Down 0.6%

NYSE PINS opened at $20.74 on Thursday. The company’s 50-day moving average price is $19.53 and its 200-day moving average price is $21.81. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a market cap of $11.62 billion, a PE ratio of 43.20, a PEG ratio of 1.13 and a beta of 0.92. Pinterest has a 12 month low of $13.84 and a 12 month high of $39.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Equities research analysts forecast that Pinterest will post 0.68 earnings per share for the current year.

Insider Activity

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total transaction of $42,000.00. Following the transaction, the director directly owned 27,450 shares in the company, valued at $549,000. This represents a 7.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02. Following the transaction, the insider owned 724,673 shares in the company, valued at approximately $14,826,809.58. The trade was a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 31,537 shares of company stock worth $643,315. 8.09% of the stock is owned by company insiders.

Institutional Trading of Pinterest

A number of institutional investors have recently modified their holdings of PINS. Revolve Wealth Partners LLC bought a new stake in shares of Pinterest in the 4th quarter valued at about $252,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Pinterest by 5.9% in the 1st 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 boosted its holdings in shares of Pinterest by 45.6% in the 1st 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 holdings in shares of Pinterest by 39.5% in the 2nd 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 in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Pinterest in the 2nd quarter valued at about $696,000. 88.81% of the stock is currently owned by institutional investors.

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.