Pinterest, Inc. (NYSE:PINS) Receives $39.55 Consensus Price Target from Analysts

Pinterest, Inc. (NYSE:PINS) has earned an average rating of “Moderate Buy” from the thirty-one analysts that are presently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $39.5517.

A number of equities analysts recently commented on PINS shares. Stifel Nicolaus lifted their price objective on Pinterest from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Monness Crespi & Hardt lowered Pinterest from a “buy” rating to a “neutral” rating in a report on Wednesday, November 5th. Wedbush lowered their price target on shares of Pinterest from $44.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Benchmark cut their price objective on shares of Pinterest from $48.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Guggenheim reduced their target price on shares of Pinterest from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th.

Insider Activity

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the transaction, the chief financial officer directly owned 312,422 shares in the company, valued at approximately $10,887,906.70. This represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total value of $3,558,613.38. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 611,050 shares of company stock worth $21,260,379 in the last 90 days. 7.11% of the stock is owned by corporate insiders.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Snowden Capital Advisors LLC grew its holdings in shares of Pinterest by 4.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares during the period. Penserra Capital Management LLC grew its stake in Pinterest by 10.1% during the second quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock worth $115,000 after buying an additional 300 shares during the period. EP Wealth Advisors LLC raised its stake in shares of Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after acquiring an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Pinterest by 3.6% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock valued at $369,000 after acquiring an additional 359 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC boosted its position in Pinterest by 5.8% during the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock worth $237,000 after purchasing an additional 361 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Trading Up 1.3%

PINS opened at $25.85 on Friday. Pinterest has a twelve month low of $23.68 and a twelve month high of $40.90. The firm has a market capitalization of $17.46 billion, a PE ratio of 8.97, a PEG ratio of 1.55 and a beta of 0.96. The firm’s 50-day moving average price is $32.11 and its 200 day moving average price is $33.94.

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

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.