Pinterest (NYSE:PINS) Price Target Lowered to $27.00 at Morgan Stanley

Pinterest (NYSE:PINS) had its price objective cut by Morgan Stanley from $35.00 to $27.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

PINS has been the topic of several other reports. Citigroup lowered Pinterest from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $19.00 in a research report on Friday, February 13th. Evercore set a $25.00 price target on shares of Pinterest and gave the company an “in-line” rating in a report on Friday, February 13th. Loop Capital lowered shares of Pinterest from a “buy” rating to a “hold” rating and lowered their price target for the stock from $45.00 to $18.00 in a research report on Friday, February 13th. UBS Group set a $26.00 price objective on shares of Pinterest in a report on Friday, February 13th. Finally, Benchmark cut their price objective on shares of Pinterest from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have issued a Hold rating to the stock. Based on data from MarketBeat, Pinterest has an average rating of “Hold” and an average price target of $25.61.

Pinterest Trading Up 1.6%

NYSE:PINS opened at $18.68 on Wednesday. The firm has a market capitalization of $12.43 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. The stock has a 50 day moving average of $19.99 and a 200-day moving average of $26.29. Pinterest has a 52 week low of $13.84 and a 52 week high of $39.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, analysts predict that Pinterest will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, insider Malik Ducard sold 2,293 shares of the stock in a transaction on 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 directly owned 695,187 shares of the company’s stock, valued at approximately $15,335,825.22. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 5,636 shares of company stock valued at $131,614 in the last three months. Corporate insiders own 7.06% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new stake in Pinterest during the fourth quarter worth approximately $252,000. Integrated Wealth Concepts LLC increased its holdings in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after buying an additional 607 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Pinterest by 45.6% during the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after acquiring an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Pinterest by 39.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after acquiring an additional 2,649 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Pinterest during the 2nd quarter worth $382,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

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.