Pinterest, Inc. (NYSE:PINS) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on Pinterest, with 19 hold ratings and 17 buy ratings among 36 analysts. The average 12-month price target is $27.90.
• Pinterest exceeded quarterly expectations, reporting $0.43 in EPS versus the $0.36 consensus and $1.18 billion in revenue versus $1.15 billion expected; revenue increased 18.2% year over year.
• Shares opened at $23.08 after a reported 4.1% decline, while institutional investors held 88.81% of the stock. Insiders sold approximately $10.7 million worth of shares over the preceding 90 days.

Pinterest, Inc. (NYSE:PINS - Get Free Report) has earned a consensus rating of "Hold" from the thirty-six analysts that are covering the stock, MarketBeat reports. Nineteen equities research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.90.

Several research firms have issued reports on PINS. BMO Capital Markets increased their target price on shares of Pinterest from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Mizuho boosted their price target on shares of Pinterest from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $24.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 price target on shares of Pinterest and gave the stock a "neutral" rating in a report on Monday, April 27th. Finally, Rosenblatt Securities increased their price objective on Pinterest from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th.

Pinterest Trading Down 4.1%

Shares of PINS opened at $23.08 on Tuesday. The business's 50-day moving average price is $22.39 and its 200-day moving average price is $20.37. Pinterest has a twelve month low of $13.84 and a twelve month high of $38.57. The stock has a market cap of $12.93 billion, a PE ratio of 67.88, a P/E/G ratio of 1.29 and a beta of 0.90. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. Pinterest's revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. On average, equities analysts forecast that Pinterest will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02. Following the completion of the sale, the insider owned 724,673 shares in the company, valued at approximately $14,826,809.58. This trade represents a 3.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the business's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $22.54, for a total value of $1,056,562.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 488,931 shares of company stock worth $10,691,868 in the last ninety days. 8.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pinterest

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Pinterest in the 4th quarter worth $357,945,000. State Street Corp lifted its holdings in shares of Pinterest by 52.6% during the 4th quarter. State Street Corp now owns 21,492,169 shares of the company's stock worth $556,432,000 after acquiring an additional 7,412,213 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Pinterest by 30.5% during the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company's stock worth $694,082,000 after acquiring an additional 6,258,628 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Pinterest by 271.1% during the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company's stock worth $109,831,000 after acquiring an additional 4,375,000 shares during the last quarter. Finally, Davis Selected Advisers boosted its holdings in shares of Pinterest by 49.5% in the 4th quarter. Davis Selected Advisers now owns 11,801,983 shares of the company's stock worth $305,554,000 after purchasing an additional 3,909,926 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

About Pinterest

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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