Pinterest, Inc. (NYSE:PINS) Stock Has Consensus Price Target of $27.90

Shares of Pinterest, Inc. (NYSE:PINS) have been assigned a consensus rating of “Hold” from the thirty-seven research firms that are covering the firm, Marketbeat.com reports. Nineteen research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $27.90.

Several brokerages have commented on PINS. UBS Group boosted their price target on shares of Pinterest from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 price objective on shares of Pinterest in a report on Wednesday, August 5th. Guggenheim lifted their target price on Pinterest from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Mizuho upped their target price on Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Evercore upped their target price on Pinterest from $27.00 to $29.00 and gave the stock an “in-line” rating in a report on Wednesday, August 5th.

Pinterest Price Performance

NYSE PINS opened at $21.38 on Wednesday. The firm’s 50 day moving average is $21.15 and its 200-day moving average is $20.81. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $11.98 billion, a PE ratio of 62.89, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90. Pinterest has a 12-month low of $13.84 and a 12-month high of $35.42.

Pinterest (NYSE:PINS) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities research analysts anticipate that Pinterest will post 0.58 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 93,750 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 that occurred on Friday, August 7th. The shares were 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 directly owned 817,409 shares of the company’s stock, valued at approximately $19,192,763.32. The trade was a 6.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 644,952 shares of company stock worth $13,697,957 in the last ninety days. Insiders own 8.09% of the company’s stock.

Institutional Trading of Pinterest

A number of large investors have recently added to or reduced their stakes in PINS. Amundi raised its holdings in shares of Pinterest by 38.3% in the 1st quarter. Amundi now owns 3,200,829 shares of the company’s stock valued at $58,703,000 after purchasing an additional 885,927 shares during the period. Victory Capital Management Inc. lifted its stake in Pinterest by 30.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after purchasing an additional 6,258,628 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Pinterest by 53.4% during the first quarter. Lazard Asset Management LLC now owns 1,421,187 shares of the company’s stock worth $26,065,000 after purchasing an additional 494,571 shares during the period. Andra AP fonden grew its holdings in Pinterest by 7.9% during the fourth quarter. Andra AP fonden now owns 1,915,500 shares of the company’s stock worth $49,592,000 after purchasing an additional 139,544 shares during the period. Finally, First Trust Advisors LP grew its holdings in Pinterest by 12.2% during the first quarter. First Trust Advisors LP now owns 1,970,857 shares of the company’s stock worth $36,145,000 after purchasing an additional 213,677 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.