Analysts Set Pinterest, Inc. (NYSE:PINS) Price Target at $27.90

Pinterest, Inc. (NYSE:PINS) has been assigned a consensus rating of “Hold” from the thirty-seven analysts that are covering the company, Marketbeat.com reports. Nineteen investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $27.90.

Several research firms have commented on PINS. Susquehanna reiterated a “positive” rating on shares of Pinterest in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. DA Davidson boosted their price target on Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Rosenblatt Securities upped their price objective on shares of Pinterest from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Guggenheim increased their target price on Pinterest from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th.

Insiders Place Their Bets

In other Pinterest news, CFO Julia Donnelly sold 59,096 shares of Pinterest stock in a transaction on Friday, August 7th. The shares were sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the transaction, the chief financial officer directly owned 817,409 shares of the company’s stock, valued at $19,192,763.32. The trade was a 6.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 93,750 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 602,219 shares of company stock worth $13,213,078 over the last ninety days. Insiders own 8.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PINS. Caitong International Asset Management Co. Ltd lifted its stake in Pinterest by 2,017.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Addison Advisors LLC grew its position in Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after buying an additional 1,200 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Pinterest during the first quarter worth about $43,000. MidFirst Bank purchased a new position in Pinterest in the 4th quarter worth approximately $44,000. Finally, Bessemer Group Inc. grew its position in Pinterest by 445.1% in the first quarter. Bessemer Group Inc. now owns 3,712 shares of the company’s stock worth $68,000 after acquiring an additional 3,031 shares in the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Price Performance

Pinterest stock opened at $18.71 on Friday. The stock has a market capitalization of $10.48 billion, a P/E ratio of 55.02, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest has a 52 week low of $13.84 and a 52 week high of $37.05. The stock has a fifty day moving average of $22.48 and a 200-day moving average of $20.77.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company posted $0.33 EPS. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts expect that Pinterest will post 0.58 earnings per share for the current fiscal year.

Pinterest Company Profile

Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.