Pinterest (NYSE:PINS) Lowered to “Hold” Rating by Wall Street Zen

Pinterest (NYSE:PINS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts also recently commented on the stock. Citigroup boosted their target price on shares of Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 price target on shares of Pinterest and gave the company a “neutral” rating in a report on Monday, April 27th. Rosenblatt Securities lifted their price objective on shares of Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Barclays lifted their price objective on shares of Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, UBS Group boosted their price objective on shares of Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Pinterest has an average rating of “Hold” and a consensus target price of $27.40.

Pinterest Trading Down 0.1%

Shares of NYSE:PINS opened at $22.06 on Friday. The company has a market capitalization of $12.35 billion, a PE ratio of 45.95, a P/E/G ratio of 1.24 and a beta of 0.89. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest has a 12-month low of $13.84 and a 12-month high of $39.93. The business’s fifty day simple moving average is $20.50 and its 200-day simple moving average is $21.03.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. During the same period in the prior year, the business posted $0.23 EPS. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, equities research analysts predict that Pinterest will post 0.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction of $42,000.00. Following the transaction, the director owned 27,450 shares in the company, valued at $549,000. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $279,187.20. Following the completion of the transaction, the insider directly owned 691,840 shares of the company’s stock, valued at $13,594,656. The trade was a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 279,070 shares of company stock valued at $5,817,283. 8.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings in shares of Pinterest by 15.5% in the second quarter. Versant Capital Management Inc now owns 11,094 shares of the company’s stock worth $233,000 after buying an additional 1,490 shares during the last quarter. CX Institutional grew its holdings in shares of Pinterest by 845.6% during the second quarter. CX Institutional now owns 6,903 shares of the company’s stock valued at $145,000 after buying an additional 6,173 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of Pinterest during the first quarter valued at $373,000. Groupe la Francaise grew its holdings in shares of Pinterest by 16.9% during the first quarter. Groupe la Francaise now owns 481,586 shares of the company’s stock valued at $8,817,000 after buying an additional 69,562 shares during the last quarter. Finally, Boothe Investment Group Inc. acquired a new position in shares of Pinterest in the 1st quarter valued at $11,856,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

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.