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

Key Points

• Pinterest, Inc. has received a consensus rating of "Moderate Buy" from 28 research firms, with 23 analysts assigning a buy rating and an average target price of $41.48 over the next 12 months.
• The company reported a quarterly revenue of $854.99 million, exceeding estimates, but its earnings per share of $0.23 fell short of the consensus estimate by $0.02.
• Insider sales have been significant, with Director Benjamin Silbermann selling over 408,332 shares, resulting in a 98.49% decrease in his position.

Pinterest, Inc. (NYSE:PINS - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-eight research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $41.4828.

PINS has been the subject of several research analyst reports. Barclays cut their price objective on Pinterest from $42.00 to $38.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. TD Cowen boosted their price target on shares of Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. BMO Capital Markets reduced their price objective on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Morgan Stanley raised shares of Pinterest from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $37.00 to $45.00 in a research note on Monday, July 21st. Finally, Oppenheimer increased their target price on shares of Pinterest from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, May 9th.

Pinterest Trading Up 0.3%

PINS stock opened at $39.22 on Friday. Pinterest has a 52 week low of $23.68 and a 52 week high of $40.90. The company has a market capitalization of $26.60 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. The firm's 50-day moving average is $35.93 and its two-hundred day moving average is $33.10.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.23 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 firm had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. During the same period in the previous year, the firm earned $0.17 EPS. Pinterest's revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts predict that Pinterest will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 408,332 shares of Pinterest stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the completion of the sale, the director directly owned 6,274 shares in the company, valued at $208,045.84. The trade was a 98.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 1,502,611 shares of company stock valued at $51,602,943 over the last 90 days. Corporate insiders own 7.06% of the company's stock.

Hedge Funds Weigh In On Pinterest

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC boosted its holdings in shares of Pinterest by 10.1% during the 2nd quarter. Penserra Capital Management LLC now owns 3,259 shares of the company's stock worth $115,000 after buying an additional 300 shares during the period. TD Private Client Wealth LLC boosted its holdings in Pinterest by 16.5% during the second quarter. TD Private Client Wealth LLC now owns 2,623 shares of the company's stock valued at $94,000 after acquiring an additional 371 shares during the period. Riverpark Capital Management LLC grew its position in shares of Pinterest by 1.2% in the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock valued at $987,000 after purchasing an additional 377 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Pinterest by 22.3% during the 2nd quarter. Whittier Trust Co. now owns 2,088 shares of the company's stock worth $75,000 after purchasing an additional 381 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its stake in Pinterest by 1.0% during the 2nd quarter. Prospera Financial Services Inc now owns 40,444 shares of the company's stock valued at $1,450,000 after purchasing an additional 399 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

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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