Pinterest’s (PINS) Neutral Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Pinterest (NYSE:PINS) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $20.00 target price on the stock.

PINS has been the topic of several other research reports. Wedbush dropped their price target on Pinterest from $30.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Stifel Nicolaus cut their price objective on shares of Pinterest from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, February 13th. UBS Group set a $26.00 price target on Pinterest in a research note on Friday, February 13th. Cantor Fitzgerald set a $18.00 price objective on shares of Pinterest in a report on Friday, February 13th. Finally, Monness Crespi & Hardt downgraded shares of Pinterest from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.87.

Pinterest Stock Performance

Shares of NYSE PINS opened at $20.00 on Wednesday. The firm has a market capitalization of $13.30 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 1.29 and a beta of 0.93. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The stock’s 50-day simple moving average is $22.05 and its 200-day simple moving average is $27.94.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. Pinterest’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, sell-side analysts forecast that Pinterest will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the transaction, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Malik Ducard sold 6,000 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 $155,160.00. Following the completion of the transaction, the insider directly owned 699,773 shares of the company’s stock, valued at $18,096,129.78. This trade represents a 0.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 33,407 shares of company stock valued at $855,925. Company insiders own 7.06% of the company’s stock.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Snowden Capital Advisors LLC increased its holdings in shares of Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after purchasing an additional 296 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Pinterest by 10.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock valued at $115,000 after buying an additional 300 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after buying an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. raised its position in shares of Pinterest by 3.6% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock worth $369,000 after acquiring an additional 359 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC lifted its stake in shares of Pinterest by 5.8% during the second quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock valued at $237,000 after acquiring an additional 361 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

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.