Pinterest, Inc. (NYSE:PINS – Get Free Report)’s share price reached a new 52-week high on Tuesday after Loop Capital raised their price target on the stock from $43.00 to $49.00. Loop Capital currently has a buy rating on the stock. Pinterest traded as high as $41.81 and last traded at $41.61, with a volume of 2362361 shares. The stock had previously closed at $41.38.
Several other research analysts have also commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $48.00 price objective (up from $45.00) on shares of Pinterest in a research note on Wednesday, May 1st. Roth Mkm raised their price target on Pinterest from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Wedbush upped their price objective on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Pinterest from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.26.
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Insider Buying and Selling at Pinterest
Institutional Trading of Pinterest
A number of hedge funds have recently bought and sold shares of PINS. Legacy Capital Group California Inc. boosted its holdings in Pinterest by 1.7% in the 4th quarter. Legacy Capital Group California Inc. now owns 16,156 shares of the company’s stock valued at $598,000 after purchasing an additional 267 shares during the last quarter. Venture Visionary Partners LLC grew its position in Pinterest by 0.7% in the fourth quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock worth $1,816,000 after acquiring an additional 324 shares during the period. Washington Trust Advisors Inc. grew its position in Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after acquiring an additional 326 shares during the period. Creative Financial Designs Inc. ADV increased its stake in Pinterest by 0.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 45,922 shares of the company’s stock worth $1,701,000 after acquiring an additional 348 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Pinterest by 40.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock valued at $48,000 after purchasing an additional 378 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.
Pinterest Trading Up 1.3 %
The firm has a market capitalization of $28.64 billion, a PE ratio of 199.63, a PEG ratio of 4.02 and a beta of 0.99. The business has a fifty day moving average price of $35.03 and a two-hundred day moving average price of $34.79.
Pinterest (NYSE:PINS – Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The firm had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. On average, equities analysts forecast that Pinterest, Inc. will post 0.43 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.
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