Pinterest (NYSE:PINS) Lowered to Hold Rating by Hsbc Global Res

Pinterest (NYSE:PINSGet Free Report) was downgraded by equities researchers at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

Several other analysts have also recently issued reports on PINS. Roth Mkm cut their target price on Pinterest from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday. Rosenblatt Securities reiterated a “neutral” rating and issued a $30.00 price objective (down from $49.00) on shares of Pinterest in a research report on Wednesday, November 5th. Evercore ISI reissued an “outperform” rating on shares of Pinterest in a research note on Tuesday. Sanford C. Bernstein dropped their price target on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Finally, UBS Group cut their price target on shares of Pinterest from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.00.

View Our Latest Stock Analysis on PINS

Pinterest Stock Performance

Shares of PINS stock opened at $22.11 on Friday. The company has a market capitalization of $14.94 billion, a P/E ratio of 7.68, a PEG ratio of 1.06 and a beta of 0.91. Pinterest has a fifty-two week low of $21.83 and a fifty-two week high of $40.90. The stock has a 50 day moving average price of $26.03 and a two-hundred day moving average price of $31.23.

Pinterest (NYSE:PINSGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. As a group, equities analysts predict that Pinterest will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In other Pinterest news, insider Malik Ducard sold 6,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $155,160.00. Following the completion of the transaction, the insider owned 699,773 shares of the company’s stock, valued at approximately $18,096,129.78. This trade represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $590,151.06. Following the completion of the sale, the chief financial officer directly owned 540,358 shares in the company, valued at $13,973,657.88. This represents a 4.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 105,161 shares of company stock worth $2,796,466. 7.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pinterest

Large investors have recently made changes to their positions in the business. Golden State Wealth Management LLC increased its position in Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after buying an additional 506 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest in the fourth quarter worth $26,000. N.E.W. Advisory Services LLC increased its holdings in shares of Pinterest by 505.7% during the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Pinterest by 3,839.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 883 shares during the last quarter. Finally, Wellington Shields Capital Management LLC bought a new position in Pinterest in the 2nd quarter worth about $40,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

More Pinterest News

Here are the key news stories impacting Pinterest this week:

Pinterest Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Pinterest (NYSE:PINS)

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