Guggenheim Cuts Pinterest (NYSE:PINS) Price Target to $25.00

Pinterest (NYSE:PINSFree Report) had its price target reduced by Guggenheim from $38.00 to $25.00 in a research report report published on Friday, MarketBeat reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Roth Mkm lowered their price objective on Pinterest from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Wolfe Research set a $33.00 price target on Pinterest and gave the company an “outperform” rating in a research note on Monday, January 5th. Benchmark dropped their price target on Pinterest from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $35.00) on shares of Pinterest in a research report on Friday. Finally, UBS Group dropped their target price on shares of Pinterest from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eighteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and an average target price of $26.31.

Check Out Our Latest Stock Report on Pinterest

Pinterest Stock Performance

NYSE:PINS opened at $15.40 on Friday. The company’s 50-day simple moving average is $24.68 and its 200-day simple moving average is $29.87. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The stock has a market capitalization of $10.41 billion, a P/E ratio of 25.25, a P/E/G ratio of 0.67 and a beta of 0.92.

Pinterest (NYSE:PINSGet Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 EPS. On average, research analysts forecast that Pinterest will post 0.6 EPS for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Malik Ducard sold 2,293 shares of Pinterest stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the completion of the transaction, the insider owned 695,187 shares in the company, valued at approximately $15,335,825.22. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the sale, the chief financial officer owned 540,358 shares in the company, valued at $13,973,657.88. The trade was a 4.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,407 shares of company stock worth $855,925 over the last ninety days. Insiders own 7.11% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PINS. Golden State Wealth Management LLC increased its holdings in Pinterest by 282.7% in the second 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 acquired a new position in shares of Pinterest during the fourth quarter valued at approximately $26,000. N.E.W. Advisory Services LLC lifted its position in shares of Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after buying an additional 883 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after acquiring an additional 1,049 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

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Pinterest Company Profile

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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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