Pinterest, Inc. (NYSE:PINS) Receives $80.58 Consensus Price Target from Analysts

Shares of Pinterest, Inc. (NYSE:PINS) have received a consensus rating of “Buy” from the thirty-three research firms that are presently covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $80.58.

Several research analysts have issued reports on the company. Citigroup reduced their price objective on Pinterest from $85.00 to $65.00 in a report on Monday, May 10th. Susquehanna Bancshares upped their price objective on Pinterest from $67.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, February 5th. Stifel Nicolaus assumed coverage on Pinterest in a report on Wednesday, January 20th. They set a “buy” rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on Pinterest from $102.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, April 28th. Finally, Morgan Stanley dropped their target price on shares of Pinterest from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, May 4th.

In other Pinterest news, SVP Naveen Gavini sold 8,742 shares of the stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of $57.32, for a total transaction of $501,091.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeremy S. Levine sold 150,000 shares of the stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $86.47, for a total value of $12,970,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 861,429 shares of company stock valued at $65,868,810.

A number of hedge funds have recently added to or reduced their stakes in PINS. Strs Ohio acquired a new position in shares of Pinterest during the 3rd quarter worth about $791,000. Carroll Financial Associates Inc. acquired a new position in shares of Pinterest during the 4th quarter worth about $141,000. Diversified Trust Co acquired a new position in shares of Pinterest during the 4th quarter worth about $308,000. Gateway Advisory LLC acquired a new position in shares of Pinterest during the 4th quarter worth about $271,000. Finally, Symphony Financial Ltd. Co. acquired a new stake in Pinterest in the 4th quarter valued at about $375,000. Hedge funds and other institutional investors own 58.21% of the company’s stock.

Shares of PINS traded up $2.60 on Tuesday, hitting $58.05. The company’s stock had a trading volume of 9,818,642 shares, compared to its average volume of 13,761,597. The company has a market capitalization of $36.97 billion, a PE ratio of -90.70 and a beta of 1.40. Pinterest has a fifty-two week low of $16.58 and a fifty-two week high of $89.90. The company has a 50 day moving average price of $72.25 and a 200 day moving average price of $71.21.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, April 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.19. Pinterest had a negative return on equity of 14.42% and a negative net margin of 26.81%. The firm had revenue of $485.23 million for the quarter, compared to the consensus estimate of $471.49 million. During the same quarter in the prior year, the business earned ($0.10) EPS. The business’s revenue for the quarter was up 78.4% compared to the same quarter last year. On average, research analysts predict that Pinterest will post -0.41 earnings per share for the current fiscal year.

Pinterest Company Profile

Pinterest, Inc provides visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others. It shows them visual recommendations based on people personal taste and interests.

Read More: What does the Dogs of the Dow mean?

Analyst Recommendations for Pinterest (NYSE:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.