Pinterest, Inc. (NYSE:PINS) Given Average Rating of “Hold” by Analysts

Pinterest, Inc. (NYSE:PINS) has received a consensus recommendation of “Hold” from the thirty-six brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $27.6939.

A number of equities research analysts have commented on PINS shares. Stifel Nicolaus raised their target price on shares of Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $28.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. UBS Group increased their price objective on shares of Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and set a $30.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Finally, Rosenblatt Securities lifted their target price on shares of Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th.

Pinterest Stock Performance

NYSE:PINS opened at $24.38 on Friday. The stock has a 50-day simple moving average of $21.38 and a two-hundred day simple moving average of $20.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. Pinterest has a 52-week low of $13.84 and a 52-week high of $39.93. The firm has a market capitalization of $13.66 billion, a PE ratio of 50.79, a P/E/G ratio of 1.34 and a beta of 0.89.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. Analysts forecast that Pinterest will post 0.65 EPS for the current year.

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 14,208 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total value of $279,187.20. Following the transaction, the insider directly owned 691,840 shares in the company, valued at $13,594,656. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $22.54, for a total value of $1,056,562.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 370,720 shares of company stock valued at $7,892,627 in the last quarter. 8.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC bought a new stake in shares of Pinterest during the fourth quarter valued at approximately $252,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after buying an additional 607 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Pinterest by 45.6% during the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after acquiring an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Pinterest by 39.5% during the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Pinterest during the second quarter valued at $696,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.