Pinterest, Inc. (NYSE:PINS) Receives $27.90 Consensus PT from Analysts

Shares of Pinterest, Inc. (NYSE:PINS) have earned an average rating of “Hold” from the thirty-seven research firms that are presently covering the company, MarketBeat Ratings reports. Nineteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $27.90.

PINS has been the subject of several recent research reports. Wall Street Zen upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Evercore lifted their price objective on shares of Pinterest from $27.00 to $29.00 and gave the company an “in-line” rating in a research report on Wednesday, August 5th. Rosenblatt Securities boosted their target price on shares of Pinterest from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. DA Davidson upped their target price on shares of Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada raised their price target on shares of Pinterest from $23.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 93,750 shares of Pinterest stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Julia Donnelly sold 59,096 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $23.48, for a total value of $1,387,574.08. Following the transaction, the chief financial officer directly owned 817,409 shares in the company, valued at $19,192,763.32. This trade represents a 6.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 555,344 shares of company stock valued at $12,312,140 over the last three months. Corporate insiders own 8.09% of the company’s stock.

Institutional Trading of Pinterest

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Pinterest by 2,017.3% in 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. Addison Advisors LLC raised its holdings 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 period. MidFirst Bank acquired a new stake in shares of Pinterest during the fourth quarter valued at approximately $44,000. Summit Securities Group LLC purchased a new stake in shares of Pinterest in the 1st quarter valued at approximately $43,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Pinterest in the 4th quarter valued at approximately $85,000. 88.81% of the stock is currently owned by institutional investors.

Pinterest Trading Up 3.2%

Shares of NYSE PINS opened at $19.66 on Friday. Pinterest has a 12-month low of $13.84 and a 12-month high of $37.05. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 57.84, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $22.63 and its 200 day simple moving average is $20.75.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The firm’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. Equities research analysts expect that Pinterest will post 0.58 EPS for the current year.

About Pinterest

Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.