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

Pinterest, Inc. (NYSE:PINS) has received an average recommendation of “Hold” from the thirty-five analysts that are currently covering the company, Marketbeat Ratings reports. Nineteen investment analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.6097.

PINS has been the topic of a number of recent analyst reports. Oppenheimer cut their price objective on shares of Pinterest from $36.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Wells Fargo & Company decreased their target price on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Roth Mkm lowered their target price on shares of Pinterest from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. UBS Group set a $26.00 price target on shares of Pinterest in a research report on Friday, February 13th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $21.00 price objective (down from $33.00) on shares of Pinterest in a report on Friday, February 13th.

Pinterest Stock Up 1.6%

Pinterest stock opened at $18.68 on Friday. The firm has a 50-day moving average price of $19.99 and a two-hundred day moving average price of $26.29. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.20 and a beta of 0.93. Pinterest has a 52-week low of $13.84 and a 52-week high of $39.93.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $0.56 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts expect that Pinterest will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other Pinterest news, insider Malik Ducard sold 2,293 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $22.06, for a total value of $50,583.58. Following the completion of the sale, the insider directly owned 695,187 shares in the company, valued at $15,335,825.22. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 5,636 shares of company stock worth $131,614 over the last quarter. 7.06% of the stock is owned by insiders.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new stake in Pinterest during the fourth quarter worth approximately $26,000. N.E.W. Advisory Services LLC grew its position in Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock worth $27,000 after buying an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Pinterest by 3,839.1% in the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after buying an additional 883 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Pinterest by 2,017.3% during 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 last quarter. Finally, Addison Advisors LLC lifted its position in shares of Pinterest by 727.3% during 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 last quarter. Institutional investors 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.