Pinterest, Inc. (NYSE:PINS) Receives $38.64 Consensus Price Target from Analysts

Shares of Pinterest, Inc. (NYSE:PINSGet Free Report) have received an average recommendation of “Moderate Buy” from the thirty-two analysts that are covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $37.1345.

A number of research firms have recently issued reports on PINS. Zacks Research upgraded shares of Pinterest from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Barclays cut their target price on shares of Pinterest from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Wolfe Research set a $33.00 target price on Pinterest and gave the company an “outperform” rating in a report on Monday, January 5th. Wells Fargo & Company dropped their price target on Pinterest from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Evercore ISI restated an “outperform” rating on shares of Pinterest in a research report on Tuesday, January 27th.

View Our Latest Analysis on Pinterest

Pinterest Trading Down 2.7%

Shares of NYSE PINS opened at $19.33 on Friday. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. Pinterest has a twelve month low of $19.20 and a twelve month high of $40.90. The business has a 50 day simple moving average of $25.64 and a 200-day simple moving average of $30.78.

Pinterest (NYSE:PINSGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). Pinterest had a return on equity of 8.20% and a net margin of 48.99%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business earned $0.40 earnings per share. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, equities analysts predict that Pinterest will post 0.6 earnings per share for the current year.

Insider Activity

In other news, insider Wanjiku Juanita Walcott sold 74,047 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the completion of the transaction, the insider owned 301,214 shares of the company’s stock, valued at approximately $8,099,644.46. The trade was a 19.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $590,151.06. Following the completion of the sale, the chief financial officer directly owned 540,358 shares in the company, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 107,454 shares of company stock valued at $2,847,049. 7.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pinterest

A number of hedge funds have recently made changes to their positions in PINS. Golden State Wealth Management LLC grew its holdings in Pinterest by 282.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after buying an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC raised its stake in Pinterest by 505.7% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after acquiring an additional 883 shares during the period. Elevated Capital Advisors LLC bought a new position in shares of Pinterest in the fourth quarter worth $26,000. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of Pinterest during the second quarter valued at $40,000. Institutional investors own 88.81% of the company’s stock.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

Pinterest Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Pinterest (NYSE:PINS)

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