Pinterest, Inc. (NYSE:PINS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Pinterest, Inc. (NYSE:PINS) have earned an average recommendation of “Moderate Buy” from the thirty research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $42.6667.

PINS has been the subject of several analyst reports. Cowen reiterated a “buy” rating on shares of Pinterest in a research report on Friday, August 8th. Stifel Nicolaus lifted their price target on shares of Pinterest from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Barclays lifted their price target on shares of Pinterest from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Benchmark boosted their price objective on shares of Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Pinterest from $40.00 to $46.00 and gave the company a “buy” rating in a report on Friday, August 8th.

Insider Activity

In related news, CAO Andrea Acosta sold 3,759 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the transaction, the chief accounting officer owned 157,402 shares in the company, valued at approximately $5,502,773.92. The trade was a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total transaction of $795,311.85. Following the transaction, the chief financial officer owned 312,422 shares of the company’s stock, valued at approximately $10,887,906.70. This represents a 6.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 640,236 shares of company stock worth $22,878,326 in the last ninety days. Company insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Financiere des Professionnels Fonds d investissement inc. raised its holdings in shares of Pinterest by 46.8% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 14,621 shares of the company’s stock worth $470,000 after acquiring an additional 4,663 shares during the period. Lazard Freres Gestion S.A.S. raised its holdings in shares of Pinterest by 9.8% during the third quarter. Lazard Freres Gestion S.A.S. now owns 65,900 shares of the company’s stock worth $2,120,000 after acquiring an additional 5,900 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Pinterest during the third quarter worth $2,060,000. Bank Pictet & Cie Europe AG raised its holdings in shares of Pinterest by 1.4% during the third quarter. Bank Pictet & Cie Europe AG now owns 382,170 shares of the company’s stock worth $12,294,000 after acquiring an additional 5,105 shares during the period. Finally, Ninety One SA PTY Ltd raised its holdings in shares of Pinterest by 40.7% during the third quarter. Ninety One SA PTY Ltd now owns 124,131 shares of the company’s stock worth $3,993,000 after acquiring an additional 35,937 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Trading Up 2.7%

PINS opened at $33.79 on Wednesday. The stock has a market capitalization of $22.97 billion, a PE ratio of 12.11, a PEG ratio of 1.38 and a beta of 0.81. Pinterest has a 1-year low of $23.68 and a 1-year high of $40.90. The firm has a 50-day moving average price of $34.65 and a two-hundred day moving average price of $33.24.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $665.93 million during the quarter. On average, research analysts predict that Pinterest will post 0.6 EPS for the current year.

About Pinterest

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.