Pinterest (NYSE:PINS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pinterest (NYSE:PINS) from a hold rating to a buy rating in a report released on Saturday.

PINS has been the subject of a number of other research reports. HSBC downgraded shares of Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price objective for the company. in a report on Friday, January 30th. TD Cowen dropped their price target on Pinterest from $44.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Guggenheim cut their price target on Pinterest from $38.00 to $25.00 and set a “buy” rating for the company in a report on Friday, February 13th. Evercore set a $25.00 price objective on Pinterest and gave the stock an “in-line” rating in a research report on Friday, February 13th. Finally, Wells Fargo & Company lowered their price objective on Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and a consensus price target of $25.87.

Pinterest Stock Up 1.4%

Shares of PINS opened at $18.94 on Friday. Pinterest has a 52-week low of $13.84 and a 52-week high of $39.93. The stock has a market cap of $12.60 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.22 and a beta of 0.93. The firm’s fifty day moving average is $20.34 and its two-hundred day moving average is $26.48.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. As a group, research analysts anticipate that Pinterest will post 0.6 earnings per share for the current year.

Insider Activity at Pinterest

In other news, insider Malik Ducard sold 2,293 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the completion of the sale, the insider owned 695,187 shares in the company, valued at $15,335,825.22. This trade represents a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the sale, the chief financial officer directly owned 540,358 shares in the company, valued at approximately $13,973,657.88. The trade was a 4.05% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 34,457 shares of company stock valued at $876,925. Corporate insiders own 7.06% of the company’s stock.

Hedge Funds Weigh In On Pinterest

Several large investors have recently modified their holdings of PINS. Elevated Capital Advisors LLC acquired a new stake in shares of Pinterest during the 4th quarter worth about $26,000. N.E.W. Advisory Services LLC lifted 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 valued at $27,000 after buying an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after buying an additional 883 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after buying an additional 1,049 shares during the period. Finally, Addison Advisors LLC increased its position in shares of Pinterest by 727.3% during the fourth 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 and hedge funds own 88.81% of the company’s stock.

About Pinterest

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.