Weekly Research Analysts’ Ratings Updates for Pinterest (PINS)

Pinterest (NYSE: PINS) has recently received a number of price target changes and ratings updates:

• 12/4/2019 – Pinterest was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pinterest Inc. provides a visual discovery engine. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions and planning a wedding or a dream vacation. The company also provides Product Pins which make items shoppable with up-to-date pricing; Recipe Pins to cook a meal by bringing the relevant information; and Shop the Look, which enables pinners to shop for the individual products. Pinterest Inc. is based in San Francisco, California. “
• 11/28/2019 – Pinterest was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Pinterest Inc. provides a visual discovery engine. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions and planning a wedding or a dream vacation. The company also provides Product Pins which make items shoppable with up-to-date pricing; Recipe Pins to cook a meal by bringing the relevant information; and Shop the Look, which enables pinners to shop for the individual products. Pinterest Inc. is based in San Francisco, California. “
• 11/22/2019 – Pinterest was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pinterest Inc. provides a visual discovery engine. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions and planning a wedding or a dream vacation. The company also provides Product Pins which make items shoppable with up-to-date pricing; Recipe Pins to cook a meal by bringing the relevant information; and Shop the Look, which enables pinners to shop for the individual products. Pinterest Inc. is based in San Francisco, California. “
• 11/15/2019 – Pinterest had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $26.00 price target on the stock, down previously from $28.00.
• 11/7/2019 – Pinterest was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pinterest Inc. provides a visual discovery engine. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions and planning a wedding or a dream vacation. The company also provides Product Pins which make items shoppable with up-to-date pricing; Recipe Pins to cook a meal by bringing the relevant information; and Shop the Look, which enables pinners to shop for the individual products. Pinterest Inc. is based in San Francisco, California. “
• 11/1/2019 – Pinterest had its price target lowered by analysts at Royal Bank of Canada from $35.00 to $32.00. They now have an “outperform” rating on the stock.
• 11/1/2019 – Pinterest had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $28.00 price target on the stock, down previously from $38.00.
• 11/1/2019 – Pinterest had its price target lowered by analysts at MKM Partners from $29.00 to $22.00. They now have a “neutral” rating on the stock.
• 11/1/2019 – Pinterest had its price target lowered by analysts at Susquehanna Bancshares Inc from $36.00 to $22.00. They now have a “neutral” rating on the stock.
• 11/1/2019 – Pinterest had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $23.00 price target on the stock, down previously from $31.00.
• 11/1/2019 – Pinterest had its price target lowered by analysts at JPMorgan Chase & Co. from $34.00 to $23.00. They now have a “neutral” rating on the stock.
• 11/1/2019 – Pinterest was given a new $28.00 price target on by analysts at UBS Group AG. They now have a “hold” rating on the stock.
• 11/1/2019 – Pinterest was downgraded by analysts at Pivotal Research from a “buy” rating to a “hold” rating. They now have a $23.50 price target on the stock, down previously from $32.00.
• 11/1/2019 – Pinterest had its price target lowered by analysts at Barclays PLC from $30.00 to $26.00. They now have an “equal weight” rating on the stock.
• 11/1/2019 – Pinterest had its price target lowered by analysts at Robert W. Baird from $37.00 to $30.00. They now have a “buy” rating on the stock.
• 11/1/2019 – Pinterest had its price target lowered by analysts at Nomura from $39.00 to $31.00. They now have a “buy” rating on the stock.
• 11/1/2019 – Pinterest was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $28.00 price target on the stock.
• 10/21/2019 – Pinterest was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $35.00 price target on the stock, up previously from $30.00.
• 10/18/2019 – Pinterest is now covered by analysts at MKM Partners. They set a “neutral” rating and a $29.00 price target on the stock.
• 10/16/2019 – Pinterest was upgraded by analysts at Pivotal Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock, up previously from $25.70.

Pinterest stock traded down $0.09 on Wednesday, hitting $18.34. The company’s stock had a trading volume of 5,375,043 shares, compared to its average volume of 9,180,838. The company has a current ratio of 13.75, a quick ratio of 13.75 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $21.91 and a 200-day moving average price of $26.97. Pinterest has a one year low of $18.38 and a one year high of $36.83.

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Pinterest (NYSE:PINS) last issued its earnings results on Thursday, October 31st. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.16. The business had revenue of $279.70 million for the quarter, compared to analyst estimates of $282.09 million. The company’s quarterly revenue was up 47.1% on a year-over-year basis. On average, analysts expect that Pinterest will post -3.38 EPS for the current year.

In other Pinterest news, General Counsel Christine Flores sold 9,375 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $20.65, for a total value of $193,593.75. Following the transaction, the general counsel now directly owns 9,375 shares in the company, valued at $193,593.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Todd R. Morgenfeld sold 65,833 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $18.98, for a total transaction of $1,249,510.34. Following the completion of the transaction, the chief financial officer now owns 294,414 shares in the company, valued at $5,587,977.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 416,416 shares of company stock valued at $8,254,042.

A number of institutional investors have recently modified their holdings of the business. NEXT Financial Group Inc increased its holdings in Pinterest by 376.0% during the 3rd quarter. NEXT Financial Group Inc now owns 952 shares of the company’s stock worth $25,000 after purchasing an additional 752 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Pinterest by 73.5% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,062 shares of the company’s stock worth $28,000 after buying an additional 450 shares during the last quarter. Endurance Wealth Management Inc. acquired a new position in shares of Pinterest during the 3rd quarter worth about $30,000. Weaver Consulting Group acquired a new position in shares of Pinterest during the 3rd quarter worth about $31,000. Finally, Pathstone Family Office LLC bought a new position in shares of Pinterest in the 2nd quarter valued at about $38,000. 21.65% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.

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