Pinterest, Inc. (NYSE:PINS) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Pinterest, Inc. has received a consensus rating of "Moderate Buy" from 30 research firms, with 24 analysts giving it a buy rating and one giving a strong buy rating.
• The average 12-month price objective for Pinterest shares among analysts is $42.67, with institutional investors holding 88.81% of the stock.
• Recently, insiders have sold a total of 640,236 shares of Pinterest valued at approximately $22.9 million in the last ninety days, indicating potential shifts in insider confidence.

Shares of Pinterest, Inc. (NYSE:PINS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirty research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $42.6667.

PINS has been the subject of several analyst reports. Cowen reiterated a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Stifel Nicolaus lifted their price target on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Barclays lifted their price target on shares of Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Benchmark boosted their price objective on shares of Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Pinterest from $40.00 to $46.00 and gave the company a "buy" rating in a report on Friday, August 8th.

Insider Activity

In related news, CAO Andrea Acosta sold 3,759 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the transaction, the chief accounting officer owned 157,402 shares in the company, valued at approximately $5,502,773.92. The trade was a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of the business's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total transaction of $795,311.85. Following the transaction, the chief financial officer owned 312,422 shares of the company's stock, valued at approximately $10,887,906.70. This represents a 6.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 640,236 shares of company stock worth $22,878,326 in the last ninety days. Company insiders own 7.11% of the company's stock.

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Financiere des Professionnels Fonds d investissement inc. raised its holdings in shares of Pinterest by 46.8% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 14,621 shares of the company's stock worth $470,000 after acquiring an additional 4,663 shares during the period. Lazard Freres Gestion S.A.S. raised its holdings in shares of Pinterest by 9.8% during the third quarter. Lazard Freres Gestion S.A.S. now owns 65,900 shares of the company's stock worth $2,120,000 after acquiring an additional 5,900 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Pinterest during the third quarter worth $2,060,000. Bank Pictet & Cie Europe AG raised its holdings in shares of Pinterest by 1.4% during the third quarter. Bank Pictet & Cie Europe AG now owns 382,170 shares of the company's stock worth $12,294,000 after acquiring an additional 5,105 shares during the period. Finally, Ninety One SA PTY Ltd raised its holdings in shares of Pinterest by 40.7% during the third quarter. Ninety One SA PTY Ltd now owns 124,131 shares of the company's stock worth $3,993,000 after acquiring an additional 35,937 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Trading Up 2.7%

PINS opened at $33.79 on Wednesday. The stock has a market capitalization of $22.97 billion, a PE ratio of 12.11, a PEG ratio of 1.38 and a beta of 0.81. Pinterest has a 1-year low of $23.68 and a 1-year high of $40.90. The firm has a 50-day moving average price of $34.65 and a two-hundred day moving average price of $33.24.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $665.93 million during the quarter. On average, research analysts predict that Pinterest will post 0.6 EPS for the current year.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.

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