Pinterest, Inc. (NYSE:PINS) Given Average Rating of “Hold” by Analysts

Shares of Pinterest, Inc. (NYSE:PINS) have been given a consensus recommendation of “Hold” by the thirty-five brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.4031.

PINS has been the topic of several recent research reports. Piper Sandler reaffirmed a “neutral” rating and set a $26.00 target price (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Rosenblatt Securities increased their price target on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and set a $30.00 price objective on shares of Pinterest in a research note on Tuesday, May 5th. Benchmark dropped their price objective on Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Pinterest in a report on Monday, June 15th.

Pinterest Trading Down 0.1%

PINS stock opened at $22.06 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. The company’s 50-day simple moving average is $20.50 and its 200 day simple moving average is $21.03. Pinterest has a 52 week low of $13.84 and a 52 week high of $39.93. The company has a market capitalization of $12.35 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 1.24 and a beta of 0.89.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS. As a group, sell-side analysts anticipate that Pinterest will post 0.66 earnings per share for the current year.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $21.45, for a total transaction of $1,005,468.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02. Following the sale, the insider owned 724,673 shares in the company, valued at $14,826,809.58. The trade was a 3.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 279,070 shares of company stock worth $5,817,283. Company insiders own 8.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in shares of Pinterest in the 4th quarter valued at $252,000. Integrated Wealth Concepts LLC lifted its position in shares of Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after buying an additional 607 shares during the last quarter. Empowered Funds LLC boosted its stake in Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after buying an additional 4,748 shares in the last quarter. Sivia Capital Partners LLC grew its position in Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after acquiring an additional 2,649 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Pinterest in the second quarter valued at about $696,000. 88.81% of the stock is owned by institutional investors.

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.