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

Pinterest, Inc. (NYSE:PINS) has received an average recommendation of “Hold” from the thirty-five research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $27.4031.

PINS has been the subject of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and set a $26.00 price target (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Mizuho increased their price target on Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Citigroup increased their price target on Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Barclays increased their price target on Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $19.99, for a total value of $937,031.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the sale, the director directly owned 27,450 shares of the company’s stock, valued at approximately $549,000. This trade represents a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 232,195 shares of company stock valued at $4,811,815. Corporate insiders own 8.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 acquiring an additional 1,049 shares during the period. Addison Advisors LLC raised its stake in shares of Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after acquiring an additional 1,200 shares during the period. Garner Asset Management Corp purchased a new position in shares of Pinterest in the 4th quarter valued at $36,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pinterest in the 1st quarter valued at $43,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Stock Performance

Pinterest stock opened at $20.79 on Monday. The firm has a 50 day simple moving average of $20.37 and a 200-day simple moving average of $21.17. Pinterest has a 1-year low of $13.84 and a 1-year high of $39.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. During the same quarter in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, analysts expect that Pinterest will post 0.65 EPS for the current 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.