Pinterest (NYSE:PINS) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Pinterest (NYSE:PINS - Free Report) had its price objective increased by Sanford C. Bernstein from $40.00 to $45.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

PINS has been the subject of several other research reports. UBS Group boosted their price objective on Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research report on Thursday, May 15th. Morgan Stanley upgraded Pinterest from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $37.00 to $45.00 in a report on Monday. Raymond James Financial downgraded Pinterest from an "overweight" rating to a "market perform" rating in a report on Monday, April 7th. Finally, Stifel Nicolaus decreased their target price on Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.71.

Pinterest Stock Performance

PINS traded down $0.24 during midday trading on Tuesday, hitting $37.87. The stock had a trading volume of 6,070,282 shares, compared to its average volume of 11,109,411. The company has a market cap of $25.68 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94. The business has a fifty day moving average of $34.44 and a 200 day moving average of $32.52. Pinterest has a 1 year low of $23.68 and a 1 year high of $40.90.

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

Insider Activity at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $36.01, for a total value of $3,676,008.83. Following the transaction, the director directly owned 8,414 shares of the company's stock, valued at approximately $302,988.14. This trade represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,510 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $35.68, for a total value of $410,676.80. Following the completion of the transaction, the insider directly owned 390,230 shares in the company, valued at $13,923,406.40. The trade was a 2.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,400,528 shares of company stock valued at $47,728,893 over the last three months. 7.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. increased its stake in Pinterest by 39.8% in the 2nd quarter. Vontobel Holding Ltd. now owns 44,189 shares of the company's stock worth $1,585,000 after acquiring an additional 12,577 shares during the last quarter. Optas LLC boosted its holdings in shares of Pinterest by 1.9% in the 2nd quarter. Optas LLC now owns 23,315 shares of the company's stock worth $836,000 after purchasing an additional 442 shares during the period. Guild Investment Management Inc. boosted its holdings in shares of Pinterest by 47.5% in the 2nd quarter. Guild Investment Management Inc. now owns 34,955 shares of the company's stock worth $1,253,000 after purchasing an additional 11,250 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Pinterest by 8.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 412,200 shares of the company's stock worth $14,781,000 after purchasing an additional 30,500 shares during the period. Finally, OLD National Bancorp IN boosted its holdings in shares of Pinterest by 3.6% in the 2nd quarter. OLD National Bancorp IN now owns 472,949 shares of the company's stock worth $16,960,000 after purchasing an additional 16,582 shares during the period. 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.