Pinterest (NYSE:PINS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Pinterest (NYSE:PINS) from a buy rating to a hold rating in a research note published on Saturday morning.

Other analysts have also issued research reports about the stock. Weiss Ratings raised shares of Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. Oppenheimer raised their price target on Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Morgan Stanley lifted their price objective on Pinterest from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price objective on shares of Pinterest in a research note on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Pinterest currently has an average rating of “Hold” and a consensus target price of $27.69.

Pinterest Stock Down 1.3%

PINS opened at $24.11 on Friday. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 50.23, a PEG ratio of 1.37 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. The firm’s 50-day simple moving average is $21.70 and its 200-day simple moving average is $20.58. Pinterest has a twelve month low of $13.84 and a twelve month high of $39.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm 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 firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the firm posted $0.23 EPS. Equities research analysts anticipate that Pinterest will post 0.63 EPS for the current fiscal year.

Insider Activity at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 14,208 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total value of $279,187.20. Following the completion of the transaction, the insider owned 691,840 shares of the company’s stock, valued at $13,594,656. The trade was a 2.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $22.54, for a total transaction of $1,056,562.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 370,720 shares of company stock valued at $7,892,627 in the last ninety days. Insiders own 8.09% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC bought a new position in shares of Pinterest during the 4th quarter valued at about $252,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after buying an additional 607 shares during the period. Empowered Funds LLC increased its position in shares of Pinterest by 45.6% during the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after acquiring an additional 4,748 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Pinterest by 39.5% during the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Pinterest during the second quarter worth $696,000. 88.81% of the stock is currently owned by institutional investors.

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.