Argus upgraded shares of Pinterest (NASDAQ:PINS) from a hold rating to a buy rating in a research note issued to investors on Thursday, BenzingaRatingsTable reports. They currently have $40.00 price target on the stock.

Several other equities research analysts also recently commented on PINS. UBS Group boosted their target price on shares of Pinterest from $31.00 to $32.00 and gave the company a neutral rating in a research note on Friday, August 2nd. Wedbush upped their price target on shares of Pinterest from $33.00 to $38.00 and gave the stock an outperform rating in a research report on Friday, August 2nd. Robert W. Baird initiated coverage on shares of Pinterest in a research report on Monday, May 13th. They set an outperform rating and a $36.00 price target on the stock. Zacks Investment Research upgraded shares of Pinterest from a hold rating to a buy rating and set a $38.00 price target on the stock in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Pinterest in a research report on Monday, May 13th. They set a neutral rating and a $32.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $32.53.

Shares of NASDAQ:PINS opened at $32.22 on Thursday. Pinterest has a 52 week low of $23.05 and a 52 week high of $36.10. The firm has a fifty day moving average price of $28.80.

Pinterest (NASDAQ:PINS) last issued its earnings results on Thursday, August 1st. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The firm had revenue of $261.20 million during the quarter, compared to analyst estimates of $237.23 million. The business’s revenue was up 62.0% on a year-over-year basis.

Large investors have recently made changes to their positions in the business. Legacy Advisors LLC bought a new stake in Pinterest during the 2nd quarter worth about $271,000. Steward Partners Investment Advisory LLC bought a new stake in Pinterest during the 2nd quarter worth about $80,000. Avitas Wealth Management LLC bought a new stake in Pinterest during the 2nd quarter worth about $1,963,000. Zweig DiMenna Associates LLC bought a new stake in Pinterest during the 2nd quarter worth about $4,536,000. Finally, Moors & Cabot Inc. bought a new stake in Pinterest during the 2nd quarter worth about $222,000.

About Pinterest

There is no company description available for Pinterest Inc

Featured Article: What Are Cryptocurrencies?

Analyst Recommendations for Pinterest (NASDAQ: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.