Pinterest (NYSE:PINS) Stock Gets Price Target Reduction from DA Davidson

Pinterest (NYSE:PINS) had its price objective decreased by DA Davidson from $27.00 to $25.00 in a research note issued to investors on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other research analysts have also weighed in on PINS. Morgan Stanley increased their target price on Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Pinterest in a research report on Monday, October 26th. Mizuho boosted their price target on Pinterest from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. KeyCorp dropped their price target on Pinterest from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Phillip Securities upgraded Pinterest to a “strong-buy” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.97.

Pinterest Stock Performance

Shares of PINS stock opened at $21.21 on Monday. Pinterest has a one year low of $13.84 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.28 and a current ratio of 4.28. The company has a 50 day moving average price of $20.46 and a 200 day moving average price of $20.69. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 84.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.98.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Pinterest had a return on equity of 6.58% and a net margin of 3.81%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. Sell-side analysts anticipate that Pinterest will post 0.55 EPS for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, CFO Julia Donnelly sold 29,548 shares of the firm’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $18.61, for a total value of $549,888.28. Following the transaction, the chief financial officer directly owned 751,921 shares of the company’s stock, valued at $13,993,249.81. This trade represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Walcott sold 14,103 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $18.21, for a total value of $256,815.63. Following the transaction, the insider owned 658,902 shares in the company, valued at approximately $11,998,605.42. This represents a 2.10% decrease in their position. 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 sold a total of 739,752 shares of company stock valued at $15,667,251 in the last quarter. Company insiders own 8.09% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several institutional investors and hedge funds have recently modified their holdings of PINS. Root Financial Partners LLC acquired a new stake in shares of Pinterest during the third quarter valued at about $31,000. Reyes Financial Architecture Inc. purchased a new stake in shares of Pinterest during the third quarter worth about $34,000. Summit Securities Group LLC purchased a new stake in shares of Pinterest during the first quarter worth about $43,000. Daytona Street Capital LLC acquired a new position in shares of Pinterest in the third quarter worth about $45,000. Finally, Provenance Wealth Advisors LLC acquired a new position in shares of Pinterest in the third quarter worth about $60,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

About Pinterest

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.