Pinterest (NYSE:PINS - Get Free Report) had its price objective lowered by research analysts at DA Davidson from $27.00 to $25.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. DA Davidson's price target points to a potential upside of 24.29% from the stock's current price.
Several other brokerages also recently issued reports on PINS. Cantor Fitzgerald lowered their price target on Pinterest from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Friday. Weiss Ratings restated a "hold (c-)" rating on shares of Pinterest in a research note on Monday, October 26th. UBS Group reduced their price objective on Pinterest from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Friday. KeyCorp decreased their target price on Pinterest from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Barclays lowered their target price on Pinterest from $31.00 to $24.00 and set an "equal weight" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.12.
Get Our Latest Report on PINS
Pinterest Trading Up 3.9%
PINS traded up $0.76 during trading on Monday, hitting $20.11. 3,754,884 shares of the company's stock were exchanged, compared to its average volume of 16,522,633. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 0.32. Pinterest has a 1 year low of $13.84 and a 1 year high of $34.12. The stock has a 50 day moving average price of $20.64 and a 200 day moving average price of $20.79. The firm has a market cap of $11.27 billion, a P/E ratio of 80.34, a price-to-earnings-growth ratio of 1.38 and a beta of 0.90.
Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.21 billion. Pinterest had a return on equity of 6.58% and a net margin of 3.81%. Pinterest's revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. As a group, analysts expect that Pinterest will post 0.53 EPS for the current fiscal year.
Insider Activity
In related news, insider Wanjiku Walcott sold 14,103 shares of Pinterest stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $18.21, for a total transaction of $256,815.63. Following the sale, the insider owned 658,902 shares of the company's stock, valued at $11,998,605.42. The trade was a 2.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Julia Donnelly sold 29,548 shares of Pinterest stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $18.61, for a total transaction of $549,888.28. Following the sale, the chief financial officer directly owned 751,921 shares in the company, valued at $13,993,249.81. This trade represents a 3.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 692,877 shares of company stock valued at $14,733,501 in the last 90 days. Company insiders own 8.09% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of PINS. Root Financial Partners LLC purchased a new stake in Pinterest during the 3rd quarter worth approximately $31,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Pinterest during the third quarter worth approximately $34,000. Summit Securities Group LLC acquired a new stake in shares of Pinterest during the first quarter worth approximately $43,000. Daytona Street Capital LLC bought a new stake in shares of Pinterest in the third quarter worth $45,000. Finally, Provenance Wealth Advisors LLC bought a new stake in shares of Pinterest in the third quarter worth $60,000. Hedge funds and other institutional investors own 88.81% of the company's stock.
Trending Headlines about Pinterest
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Pinterest Company Profile
(
Get Free Report)
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.
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