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

Shares of Pinterest, Inc. (NYSE:PINS) have received a consensus recommendation of “Hold” from the thirty-six research firms that are covering the firm, MarketBeat.com reports. Nineteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $27.90.

PINS has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Pinterest from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Benchmark reduced their price objective on Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. DA Davidson boosted their price objective on Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Morgan Stanley upped their target price on Pinterest from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Pinterest in a research note on Wednesday, August 5th.

Pinterest Price Performance

Shares of NYSE PINS opened at $23.46 on Tuesday. The firm has a 50-day simple moving average of $22.58 and a 200-day simple moving average of $20.42. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 68.99, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. Pinterest has a 52 week low of $13.84 and a 52 week high of $38.57.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $0.33 earnings per share. Pinterest’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts predict that Pinterest will post 0.62 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $23.40, for a total transaction of $1,096,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Donnelly Julia Brau sold 59,096 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 817,409 shares in the company, valued at $19,192,763.32. This represents a 6.74% 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. Insiders have sold a total of 536,856 shares of company stock valued at $11,812,924 in the last ninety days. 8.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pinterest

A number of hedge funds have recently modified their holdings of PINS. Forsta AP Fonden lifted its holdings in Pinterest by 61.2% during the 4th quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after buying an additional 150,900 shares in the last quarter. Amundi grew its stake in shares of Pinterest by 38.3% in the first quarter. Amundi now owns 3,200,829 shares of the company’s stock worth $58,703,000 after acquiring an additional 885,927 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Pinterest in the fourth quarter worth $12,812,000. KLP Kapitalforvaltning AS grew its stake in shares of Pinterest by 103.4% in the fourth quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company’s stock worth $21,709,000 after acquiring an additional 426,300 shares in the last quarter. Finally, Freemont Management S.A. purchased a new stake in shares of Pinterest during the fourth quarter worth $2,540,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

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.