Analysts Set Pinterest, Inc. (NYSE:PINS) PT at $38.97

Shares of Pinterest, Inc. (NYSE:PINS) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-two research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, twenty-one have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $38.7241.

Several research firms have recently weighed in on PINS. Wedbush downgraded shares of Pinterest from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $34.00 to $30.00 in a research note on Monday, December 8th. The Goldman Sachs Group reduced their price objective on shares of Pinterest from $43.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. UBS Group dropped their target price on Pinterest from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pinterest in a research report on Monday, December 29th. Finally, Wolfe Research set a $33.00 price objective on Pinterest and gave the company an “outperform” rating in a research note on Monday.

Pinterest Stock Performance

PINS opened at $27.16 on Monday. The firm has a market cap of $18.34 billion, a P/E ratio of 9.43, a PEG ratio of 1.22 and a beta of 0.91. Pinterest has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The firm has a 50-day moving average of $26.61 and a 200 day moving average of $32.32.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%.The business had revenue of $665.93 million during the quarter. Equities research analysts predict that Pinterest will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Wanjiku Juanita Walcott sold 74,047 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the completion of the transaction, the insider directly owned 301,214 shares in the company, valued at $8,099,644.46. The trade was a 19.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the sale, the chief financial officer owned 540,358 shares in the company, valued at $13,973,657.88. This trade represents a 4.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 105,161 shares of company stock valued at $2,796,466. Company insiders own 7.06% of the company’s stock.

Hedge Funds Weigh In On Pinterest

A number of institutional investors have recently made changes to their positions in PINS. Scott & Selber Inc. grew its position in Pinterest by 53.8% in the fourth quarter. Scott & Selber Inc. now owns 106,468 shares of the company’s stock worth $2,756,000 after acquiring an additional 37,253 shares in the last quarter. SG Americas Securities LLC lifted its stake in Pinterest by 4.8% during the fourth quarter. SG Americas Securities LLC now owns 139,612 shares of the company’s stock worth $3,615,000 after purchasing an additional 6,419 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in Pinterest by 32.5% during the fourth quarter. 180 Wealth Advisors LLC now owns 31,728 shares of the company’s stock worth $821,000 after purchasing an additional 7,777 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of Pinterest by 256.5% in the 4th quarter. True Wealth Design LLC now owns 3,009 shares of the company’s stock worth $78,000 after purchasing an additional 2,165 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Pinterest by 78.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 190,243 shares of the company’s stock valued at $5,165,000 after purchasing an additional 83,889 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

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.