Pinterest, Inc. (NYSE:PINS) Receives $27.40 Consensus PT from Analysts

Pinterest, Inc. (NYSE:PINS) has received a consensus rating of “Hold” from the thirty-five analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eighteen have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $27.4031.

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities boosted their price target on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Argus cut Pinterest from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Barclays boosted their price target on Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. UBS Group boosted their price target on Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. boosted their price target on Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th.

Pinterest Stock Performance

Shares of PINS stock opened at $21.94 on Thursday. The stock has a fifty day moving average price of $19.72 and a 200 day moving average price of $21.71. The stock has a market cap of $12.29 billion, a PE ratio of 45.71, a P/E/G ratio of 1.16 and a beta of 0.92. Pinterest has a 1 year low of $13.84 and a 1 year high of $39.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.Pinterest’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. Sell-side analysts forecast that Pinterest will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the transaction, the director directly owned 27,450 shares of the company’s stock, valued at $549,000. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $20.50, for a total value of $960,937.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,362 shares of company stock valued at $1,583,253 over the last three months. 8.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pinterest

A number of institutional investors have recently made changes to their positions in the stock. Revolve Wealth Partners LLC purchased a new stake in shares of Pinterest in the fourth quarter valued at $252,000. Integrated Wealth Concepts LLC grew its position in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after purchasing an additional 607 shares during the period. Empowered Funds LLC grew its position in shares of 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 purchasing an additional 4,748 shares during the period. Sivia Capital Partners LLC grew its position in shares of 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 purchasing an additional 2,649 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Pinterest in the second quarter valued at $696,000. 88.81% of the stock is owned by institutional investors and hedge funds.

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.