Pinterest, Inc. (NYSE:PINS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Pinterest, Inc. (NYSE:PINSGet Rating) have been given an average rating of “Hold” by the thirty research firms that are presently covering the firm, MarketBeat reports. Twenty analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $41.50.

A number of analysts have recently issued reports on the company. Evercore ISI decreased their target price on Pinterest from $56.00 to $50.00 and set an “inline” rating for the company in a report on Friday, February 4th. Loop Capital reduced their price target on Pinterest from $50.00 to $34.00 in a research report on Monday, March 28th. MKM Partners reduced their price target on Pinterest from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. Robert W. Baird reduced their price target on Pinterest from $53.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, February 4th. Finally, Stifel Nicolaus initiated coverage on Pinterest in a research report on Tuesday, February 1st. They set a “hold” rating and a $34.00 price target on the stock.

Shares of NYSE:PINS traded down $0.76 during trading on Tuesday, reaching $19.24. 451,703 shares of the stock were exchanged, compared to its average volume of 12,914,250. Pinterest has a 12-month low of $19.30 and a 12-month high of $81.77. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 41.65, a price-to-earnings-growth ratio of 7.59 and a beta of 1.19. The firm’s 50-day moving average price is $24.24 and its 200 day moving average price is $33.68.

Pinterest (NYSE:PINSGet Rating) last issued its earnings results on Thursday, February 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. Pinterest had a return on equity of 13.74% and a net margin of 12.27%. The business had revenue of $846.66 million during the quarter, compared to analysts’ expectations of $831.23 million. During the same quarter in the previous year, the business earned $0.30 EPS. On average, analysts expect that Pinterest will post 0.2 earnings per share for the current fiscal year.

In related news, CEO Benjamin Silbermann sold 59,154 shares of the firm’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $20.58, for a total transaction of $1,217,389.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Sharp sold 59,696 shares of the firm’s stock in a transaction dated Wednesday, January 26th. The shares were sold at an average price of $27.91, for a total value of $1,666,115.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 355,019 shares of company stock valued at $8,644,555. 8.45% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Pinterest by 108.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 45,811 shares of the company’s stock valued at $2,334,000 after purchasing an additional 23,882 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of Pinterest by 24.4% during the third quarter. Ensign Peak Advisors Inc now owns 37,550 shares of the company’s stock valued at $1,913,000 after purchasing an additional 7,355 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Pinterest by 104.9% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 21,516 shares of the company’s stock valued at $1,096,000 after purchasing an additional 11,016 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Pinterest by 42.6% during the third quarter. Rockefeller Capital Management L.P. now owns 51,239 shares of the company’s stock valued at $2,610,000 after purchasing an additional 15,313 shares during the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new stake in shares of Pinterest during the third quarter valued at $564,000.

Pinterest Company Profile (Get Rating)

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

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Analyst Recommendations for Pinterest (NYSE:PINS)

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