Pinterest (NYSE:PINS) Stock Rating Lowered by Hsbc Global Res

Pinterest (NYSE:PINSGet Free Report) was downgraded by stock analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Several other equities analysts have also commented on PINS. Wall Street Zen lowered Pinterest from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. The Goldman Sachs Group decreased their price target on shares of Pinterest from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Wolfe Research set a $33.00 price objective on shares of Pinterest and gave the stock an “outperform” rating in a research note on Monday, January 5th. Citigroup restated a “buy” rating on shares of Pinterest in a report on Wednesday, November 5th. Finally, Roth Mkm decreased their target price on shares of Pinterest from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

View Our Latest Stock Report on PINS

Pinterest Stock Down 1.1%

Shares of NYSE:PINS opened at $22.11 on Friday. The stock has a market cap of $14.94 billion, a PE ratio of 7.68, a PEG ratio of 1.06 and a beta of 0.91. The company’s fifty day moving average is $26.03 and its 200 day moving average is $31.19. Pinterest has a 52 week low of $21.83 and a 52 week high of $40.90.

Pinterest (NYSE:PINSGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Pinterest had a return on equity of 8.20% and a net margin of 48.99%.Pinterest’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. Sell-side analysts anticipate that Pinterest will post 0.6 EPS for the current year.

Insider Buying and Selling

In related news, insider Malik Ducard sold 2,293 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $26.18, for a total value of $60,030.74. Following the sale, the insider owned 697,480 shares in the company, valued at approximately $18,260,026.40. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Wanjiku Juanita Walcott sold 74,047 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $26.89, for a total value of $1,991,123.83. Following the completion of the transaction, the insider owned 301,214 shares in the company, valued at approximately $8,099,644.46. This trade represents a 19.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 105,161 shares of company stock worth $2,796,466. 7.06% of the stock is owned by corporate insiders.

Institutional Trading of Pinterest

Hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its holdings in Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after buying an additional 506 shares in the last quarter. Elevated Capital Advisors LLC purchased a new position in shares of Pinterest in the fourth quarter worth $26,000. N.E.W. Advisory Services LLC boosted its position in shares of Pinterest by 505.7% during the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock worth $27,000 after acquiring an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after acquiring an additional 883 shares in the last quarter. Finally, Wellington Shields Capital Management LLC purchased a new position in Pinterest during the second quarter valued at $40,000. Institutional investors own 88.81% of the company’s stock.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

Pinterest Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Pinterest (NYSE:PINS)

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