Analysts Set Pinterest, Inc. (NYSE:PINS) PT at $27.40

Pinterest, Inc. (NYSE:PINSGet Free Report) has received an average recommendation of “Hold” from the thirty-five research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.4031.

A number of equities research analysts have recently commented on the stock. HSBC downgraded shares of Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price target for the company. in a report on Friday, January 30th. Wells Fargo & Company lifted their price target on shares of Pinterest from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley lifted their price target on shares of Pinterest from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Oppenheimer lifted their price target on shares of Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, UBS Group lifted their price target on shares of Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th.

View Our Latest Stock Analysis on PINS

More Pinterest News

Here are the key news stories impacting Pinterest this week:

Insider Activity

In related news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the sale, the director directly owned 27,450 shares of the company’s stock, valued at approximately $549,000. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.09% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Hedge funds have recently modified their holdings of the stock. N.E.W. Advisory Services LLC boosted its position in shares of Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock worth $27,000 after acquiring an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Pinterest by 3,839.1% in the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after acquiring an additional 883 shares during the last quarter. Elevated Capital Advisors LLC acquired a new stake in shares of Pinterest in the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 worth $29,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Pinterest by 46.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after acquiring an additional 419 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Stock Performance

Shares of NYSE PINS opened at $19.50 on Friday. The company has a market cap of $10.92 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 1.05 and a beta of 0.93. Pinterest has a 12 month low of $13.84 and a 12 month high of $39.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The company has a 50-day simple moving average of $19.29 and a 200-day simple moving average of $22.79.

Pinterest (NYSE:PINSGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, equities analysts anticipate that Pinterest will post 0.68 earnings per share for the current year.

About Pinterest

(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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