Pinterest, Inc. (NYSE:PINS) Given Consensus Rating of “Hold” by Analysts

Pinterest, Inc. (NYSE:PINS) has received a consensus recommendation of “Hold” from the thirty-six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eighteen have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $27.6939.

A number of brokerages recently issued reports on PINS. Guggenheim reissued a “buy” rating and set a $24.00 price objective on shares of Pinterest in a report on Monday, June 15th. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Robert W. Baird upped their price target on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Stifel Nicolaus increased their price target on shares of Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Benchmark lowered their price target on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, April 30th.

Pinterest Trading Down 2.4%

Shares of PINS stock opened at $22.00 on Friday. The company’s fifty day simple moving average is $21.14 and its two-hundred day simple moving average is $20.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. Pinterest has a 1 year low of $13.84 and a 1 year high of $39.93. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 1.28 and a beta of 0.89.

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

Insider Activity at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $22.63, for a total value of $1,060,781.25. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 business’s stock in a transaction 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 transaction, the insider owned 691,840 shares of the company’s stock, valued at $13,594,656. This trade represents a 2.01% 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. Insiders sold a total of 323,845 shares of company stock worth $6,836,065 over the last quarter. Corporate insiders own 8.09% of the company’s stock.

Hedge Funds Weigh In On Pinterest

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Everhart Financial Group Inc. increased its stake in Pinterest by 62.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 18,128 shares of the company’s stock worth $381,000 after acquiring an additional 6,943 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Pinterest by 20.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 58,582 shares of the company’s stock valued at $1,232,000 after acquiring an additional 10,096 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Pinterest by 184.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,098,432 shares of the company’s stock valued at $23,100,000 after acquiring an additional 712,569 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Pinterest by 13.6% during the second quarter. GAMMA Investing LLC now owns 10,929 shares of the company’s stock worth $230,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Pinterest by 1.9% during the second quarter. Central Pacific Bank Trust Division now owns 116,971 shares of the company’s stock worth $2,460,000 after purchasing an additional 2,219 shares in the last quarter. 88.81% of the stock is currently owned by hedge funds and other 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.