Pinterest (NYSE:PINS) Price Target Lowered to $20.00 at Rosenblatt Securities

Pinterest (NYSE:PINSFree Report) had its price target reduced by Rosenblatt Securities from $30.00 to $20.00 in a report issued on Friday,Benzinga reports. They currently have a neutral rating on the stock.

PINS has been the subject of a number of other research reports. Wedbush downgraded Pinterest from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $34.00 to $30.00 in a research report on Monday, December 8th. Sanford C. Bernstein reduced their price objective on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. KeyCorp dropped their target price on shares of Pinterest from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Loop Capital cut shares of Pinterest from a “buy” rating to a “hold” rating and reduced their price target for the company from $45.00 to $18.00 in a research report on Friday. Finally, Citigroup downgraded shares of Pinterest from a “buy” rating to a “neutral” rating and cut their target price for the company from $38.00 to $19.00 in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eighteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and a consensus price target of $26.31.

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Pinterest Stock Performance

PINS opened at $15.40 on Friday. Pinterest has a 1 year low of $13.84 and a 1 year high of $39.93. The company’s 50 day simple moving average is $24.68 and its 200 day simple moving average is $29.98. The stock has a market capitalization of $10.41 billion, a PE ratio of 25.25, a P/E/G ratio of 0.81 and a beta of 0.92.

Pinterest (NYSE:PINSGet Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Pinterest had a return on equity of 7.93% and a net margin of 9.87%.The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, sell-side analysts expect that Pinterest will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $590,151.06. Following the sale, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total value of $50,583.58. Following the completion of the transaction, the insider owned 695,187 shares in the company, valued at approximately $15,335,825.22. This trade represents a 0.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 33,407 shares of company stock valued at $855,925. Company insiders own 7.06% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several hedge funds and other institutional investors have recently bought and sold shares of PINS. FORA Capital LLC acquired a new stake in shares of Pinterest during the fourth quarter worth approximately $4,151,000. CreativeOne Wealth LLC boosted its stake in Pinterest by 60.8% during the 4th quarter. CreativeOne Wealth LLC now owns 56,560 shares of the company’s stock valued at $1,464,000 after acquiring an additional 21,392 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Pinterest by 670.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 356,194 shares of the company’s stock worth $9,222,000 after acquiring an additional 309,948 shares in the last quarter. Bridgewater Associates LP increased its position in shares of Pinterest by 4.6% in the 4th quarter. Bridgewater Associates LP now owns 4,317,906 shares of the company’s stock worth $111,791,000 after purchasing an additional 191,540 shares during the last quarter. Finally, Visionary Wealth Advisors acquired a new stake in shares of Pinterest in the 4th quarter valued at about $431,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

Pinterest Company Profile

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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.

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Analyst Recommendations for Pinterest (NYSE:PINS)

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