Pinterest, Inc. (NYSE:PINS) Receives $40.26 Average PT from Analysts

Shares of Pinterest, Inc. (NYSE:PINS - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirty ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $40.26.

Several analysts have recently weighed in on PINS shares. Stifel Nicolaus decreased their target price on Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group decreased their price objective on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating for the company in a report on Monday, April 14th. Monness Crespi & Hardt dropped their target price on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. TD Cowen reduced their target price on shares of Pinterest from $46.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley boosted their price target on Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a report on Friday, May 9th.

Pinterest Stock Down 0.2%

Pinterest stock traded down $0.08 during midday trading on Friday, reaching $31.41. The stock had a trading volume of 3,842,434 shares, compared to its average volume of 10,794,996. The firm has a market cap of $21.31 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. Pinterest has a 52-week low of $23.68 and a 52-week high of $45.19. The company has a fifty day moving average of $28.72 and a 200 day moving average of $31.19.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. During the same period in the prior year, the company posted $0.17 EPS. The company's quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts predict that Pinterest will post 0.6 EPS for the current year.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total value of $31,050.00. Following the completion of the transaction, the director now owns 26,786 shares of the company's stock, valued at approximately $723,222. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Andrea Acosta sold 3,941 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $35.75, for a total transaction of $140,890.75. Following the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,152,611.75. This trade represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 964,343 shares of company stock worth $31,622,701 in the last ninety days. 7.06% of the stock is owned by insiders.

Institutional Trading of Pinterest

Several large investors have recently added to or reduced their stakes in PINS. Price T Rowe Associates Inc. MD lifted its holdings in shares of Pinterest by 104.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock worth $737,533,000 after purchasing an additional 12,986,310 shares during the period. Norges Bank purchased a new position in Pinterest during the 4th quarter worth approximately $358,205,000. Amundi lifted its stake in Pinterest by 618.9% during the 1st quarter. Amundi now owns 14,254,741 shares of the company's stock valued at $441,897,000 after acquiring an additional 12,271,958 shares during the period. Marshall Wace LLP boosted its holdings in shares of Pinterest by 134.1% in the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock valued at $310,352,000 after acquiring an additional 6,129,985 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Pinterest by 49.7% in the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after acquiring an additional 4,527,902 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Company Profile

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.