Pinterest, Inc. (NYSE:PINS) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Pinterest, Inc. (NYSE:PINS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirty ratings firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $40.42.

Several analysts have commented on PINS shares. Wolfe Research upgraded shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price on the stock in a report on Thursday, May 15th. Morgan Stanley increased their price objective on shares of Pinterest from $28.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Barclays dropped their price objective on shares of Pinterest from $42.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus reduced their target price on shares of Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James Financial cut Pinterest from an "overweight" rating to a "market perform" rating in a report on Monday, April 7th.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 29,605 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $33.95, for a total value of $1,005,089.75. Following the transaction, the chief financial officer now directly owns 166,408 shares in the company, valued at $5,649,551.60. The trade was a 15.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $33.71, for a total transaction of $3,441,217.93. Following the sale, the director now owns 6,274 shares of the company's stock, valued at approximately $211,496.54. This represents a 94.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,075,021 shares of company stock worth $35,411,517. Insiders own 7.06% of the company's stock.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently made changes to their positions in PINS. Bartlett & CO. Wealth Management LLC bought a new position in Pinterest during the first quarter worth about $25,000. Garde Capital Inc. acquired a new position in shares of Pinterest during the 1st quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new position in shares of Pinterest during the 4th quarter worth approximately $28,000. NBC Securities Inc. increased its holdings in shares of Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after purchasing an additional 999 shares during the period. Finally, American National Bank & Trust bought a new position in shares of Pinterest during the first quarter worth approximately $32,000. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Up 0.7%

PINS opened at $34.77 on Thursday. The stock has a market cap of $23.58 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.70 and a beta of 0.91. Pinterest has a 12 month low of $23.68 and a 12 month high of $45.19. The company has a fifty day simple moving average of $29.95 and a 200 day simple moving average of $31.59.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The business had revenue of $854.99 million during the quarter, compared to the consensus estimate of $848.49 million. During the same quarter last year, the company earned $0.17 earnings per share. The firm's revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts expect that Pinterest will post 0.6 earnings per share for the current fiscal 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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