Pinterest (NYSE:PINS) Price Target Raised to $40.00 at Roth Mkm

Pinterest (NYSE:PINS) had its target price upped by Roth Mkm from $38.00 to $40.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts also recently commented on the company. Benchmark reaffirmed a hold rating on shares of Pinterest in a research report on Wednesday. Evercore ISI upped their target price on Pinterest from $45.00 to $50.00 and gave the company an outperform rating in a research report on Friday, January 26th. Rosenblatt Securities reaffirmed a buy rating and issued a $48.00 target price (up previously from $45.00) on shares of Pinterest in a research report on Wednesday. Susquehanna upped their target price on Pinterest from $35.00 to $45.00 and gave the company a positive rating in a research report on Friday, February 9th. Finally, BMO Capital Markets assumed coverage on Pinterest in a research report on Tuesday, January 9th. They issued an outperform rating and a $45.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $40.82.

Pinterest Stock Down 0.2 %

NYSE:PINS opened at $40.41 on Wednesday. The stock’s 50 day moving average price is $34.79 and its two-hundred day moving average price is $34.53. The firm has a market capitalization of $27.44 billion, a price-to-earnings ratio of 192.44, a P/E/G ratio of 4.64 and a beta of 0.99. Pinterest has a 12-month low of $20.60 and a 12-month high of $41.60.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. Equities research analysts expect that Pinterest will post 0.43 EPS for the current year.

Insider Buying and Selling at Pinterest

In other news, insider Sabrina Ellis sold 24,410 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the transaction, the insider now directly owns 500,504 shares in the company, valued at approximately $17,762,886.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Sabrina Ellis sold 24,410 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the transaction, the insider now directly owns 500,504 shares in the company, valued at approximately $17,762,886.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the completion of the transaction, the chief financial officer now owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,471 shares of company stock valued at $5,773,431. 7.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Pinterest by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 56,348,952 shares of the company’s stock worth $2,087,165,000 after purchasing an additional 1,439,595 shares during the period. Ameriprise Financial Inc. raised its stake in Pinterest by 43.9% during the third quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company’s stock worth $300,639,000 after buying an additional 3,390,924 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Pinterest by 34.0% in the fourth quarter. Franklin Resources Inc. now owns 10,036,837 shares of the company’s stock valued at $371,764,000 after buying an additional 2,548,925 shares during the period. Baillie Gifford & Co. boosted its position in Pinterest by 12.6% during the fourth quarter. Baillie Gifford & Co. now owns 9,305,759 shares of the company’s stock valued at $344,685,000 after acquiring an additional 1,043,173 shares during the last quarter. Finally, Capital World Investors boosted its position in Pinterest by 0.7% during the fourth quarter. Capital World Investors now owns 8,887,130 shares of the company’s stock valued at $329,179,000 after acquiring an additional 64,270 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

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.