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

Pinterest, Inc. (NYSE:PINS - Get Free Report) has been given an average rating of "Moderate Buy" by the thirty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $41.10.

A number of research firms have recently issued reports on PINS. Oppenheimer boosted their price objective on Pinterest from $40.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Cantor Fitzgerald increased their price target on shares of Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Rosenblatt Securities raised their price target on shares of Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. UBS Group lowered their price objective on Pinterest from $50.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Barclays raised their target price on Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th.

Insider Buying and Selling at Pinterest

In other news, CAO Andrea Acosta sold 3,667 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the sale, the director now owns 29,086 shares in the company, valued at $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 453,836 shares of company stock worth $14,828,392. Insiders own 7.11% of the company's stock.

Institutional Investors Weigh In On Pinterest

Several large investors have recently bought and sold shares of PINS. Wilmington Savings Fund Society FSB bought a new stake in shares of Pinterest in the 3rd quarter valued at $87,000. GAMMA Investing LLC increased its holdings in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Pinterest in the fourth quarter worth about $520,000. Nordea Investment Management AB raised its position in shares of Pinterest by 122.1% during the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock worth $111,515,000 after purchasing an additional 2,093,248 shares during the period. Finally, Graypoint LLC bought a new position in shares of Pinterest during the 4th quarter valued at about $317,000. Institutional investors own 88.81% of the company's stock.

Pinterest Trading Up 0.4 %

PINS opened at $26.27 on Wednesday. Pinterest has a 1-year low of $23.68 and a 1-year high of $45.19. The business has a 50 day moving average of $30.35 and a 200-day moving average of $31.53. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Equities 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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