Pinterest (NYSE:PINS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Pinterest (NYSE:PINS) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities analysts have also issued reports on PINS. Royal Bank Of Canada decreased their target price on Pinterest from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pinterest in a research report on Monday, October 26th. UBS Group reduced their price objective on shares of Pinterest from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday. Citigroup boosted their price objective on shares of Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Barclays decreased their price objective on shares of Pinterest from $31.00 to $24.00 and set an “equal weight” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.97.

Pinterest Trading Up 4.7%

NYSE PINS opened at $20.27 on Friday. The stock has a 50-day simple moving average of $20.58 and a 200 day simple moving average of $20.75. The company has a market capitalization of $11.36 billion, a PE ratio of 53.64, a P/E/G ratio of 1.49 and a beta of 0.90. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. Pinterest has a 12 month low of $13.84 and a 12 month high of $34.12.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, October 29th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted $0.38 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts forecast that Pinterest will post 0.53 EPS for the current year.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 93,750 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total value of $2,009,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Julia Donnelly sold 59,096 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $23.48, for a total value of $1,387,574.08. Following the completion of the sale, the chief financial officer owned 817,409 shares of the company’s stock, valued at $19,192,763.32. This trade represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 692,877 shares of company stock valued at $14,733,501. Insiders own 8.09% of the company’s stock.

Institutional Trading of Pinterest

A number of large investors have recently bought and sold shares of PINS. CenterBook Partners LP bought a new stake in shares of Pinterest in the third quarter worth $214,000. Chicago Partners Investment Group LLC boosted its holdings in Pinterest by 96.0% during the third quarter. Chicago Partners Investment Group LLC now owns 33,407 shares of the company’s stock worth $746,000 after purchasing an additional 16,360 shares during the last quarter. Focused Wealth Management Inc bought a new position in Pinterest in the third quarter valued at $190,000. Provenance Wealth Advisors LLC bought a new position in Pinterest in the third quarter valued at $60,000. Finally, Greenleaf Trust acquired a new stake in Pinterest in the 3rd quarter valued at $205,000. 88.81% of the stock is owned by institutional investors.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Global monthly active users increased 10% year over year to 661 million, supporting Pinterest’s long-term advertising and commerce opportunity. A recent investor analysis highlighted the company’s visual discovery platform and large user base as key strengths. Pinterest: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Despite widespread target reductions, DA Davidson maintained a “buy” rating and set a $25 target, while KeyBanc’s revised target was also $25—indicating analysts still see meaningful potential upside from current levels. DA Davidson Pinterest rating KeyBanc Pinterest price target
• Neutral Sentiment: Citigroup and JPMorgan both lowered their price targets to $22 and retained “neutral” or “hold” views. Rosenblatt reduced its target to $21 and also maintained a neutral rating, reflecting limited expected upside but not an outright bearish stance. Citigroup Pinterest rating JPMorgan Pinterest rating
• Negative Sentiment: European trade-rule changes reduced global revenue growth by approximately three percentage points. Pinterest also recently reported quarterly revenue and earnings below analyst expectations, increasing concern about advertising momentum and valuation.
• Negative Sentiment: Barclays, Cantor Fitzgerald, and Wedbush trimmed their targets, while Jefferies downgraded Pinterest to “hold.” Reports of elevated put-option activity and a pessimistic Wells Fargo forecast add to the cautious tone surrounding the stock. Jefferies Pinterest downgrade Pinterest put options activity

About Pinterest

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.