Pinterest, Inc. (NYSE:PINS) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts rate Pinterest “Hold” overall: Of 37 covering firms, 19 recommend holding and 18 recommend buying, with an average 12-month price target of $27.90.
• Pinterest exceeded quarterly expectations, reporting $0.43 EPS versus $0.36 expected and $1.18 billion in revenue, up 18.2% year over year.
• Shares opened at $18.95, while insiders sold roughly 602,219 shares worth $13.3 million over the past three months; institutional investors own 88.81% of the stock.

Pinterest, Inc. (NYSE:PINS - Get Free Report) has been given a consensus rating of "Hold" by the thirty-seven research firms that are presently covering the stock, MarketBeat.com reports. Nineteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $27.90.

A number of research analysts have issued reports on the stock. Jefferies Financial Group raised shares of Pinterest from a "hold" rating to a "buy" rating in a report on Monday, August 31st. Wedbush reissued a "neutral" rating and issued a $24.00 target price on shares of Pinterest in a research report on Wednesday, August 5th. Mizuho raised their target price on Pinterest from $31.00 to $32.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Morgan Stanley lifted their price target on Pinterest from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 28th.

Pinterest Price Performance

Shares of NYSE PINS opened at $18.95 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The company has a market cap of $10.62 billion, a PE ratio of 55.74, a P/E/G ratio of 1.23 and a beta of 0.90. The business has a 50-day simple moving average of $22.68 and a two-hundred day simple moving average of $20.70. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $37.05.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. As a group, equities analysts expect that Pinterest will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In related news, CFO Julia Donnelly sold 59,096 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the completion of the transaction, the chief financial officer directly owned 817,409 shares in the company, valued at $19,192,763.32. The trade was a 6.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 93,750 shares of the company's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $21.43, for a total transaction of $2,009,062.50. 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. In the last three months, insiders have sold 602,219 shares of company stock valued at $13,303,546. 8.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Pinterest

Several hedge funds and other institutional investors have recently bought and sold shares of PINS. Revolve Wealth Partners LLC purchased a new stake in Pinterest in the 4th quarter worth approximately $252,000. Integrated Wealth Concepts LLC lifted its stake in shares of Pinterest by 5.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company's stock valued at $339,000 after purchasing an additional 607 shares during the period. Empowered Funds LLC lifted its stake in shares of Pinterest by 45.6% in the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company's stock valued at $470,000 after purchasing an additional 4,748 shares during the period. Sivia Capital Partners LLC boosted its holdings in Pinterest by 39.5% during the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company's stock worth $335,000 after buying an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Pinterest during the second quarter worth $696,000. 88.81% of the stock is owned by institutional investors and hedge funds.

About Pinterest

Pinterest, Inc NYSE: PINS operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.

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