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

Pinterest, Inc. (NYSE:PINSGet Free Report) has received an average recommendation of “Moderate Buy” from the thirty brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $38.6429.

PINS has been the topic of several recent research reports. Morgan Stanley increased their price target on shares of Pinterest from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Piper Sandler reaffirmed a “neutral” rating and issued a $33.00 target price (down from $35.00) on shares of Pinterest in a report on Wednesday, November 5th. Bank of America lowered their target price on Pinterest from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Citigroup restated a “buy” rating on shares of Pinterest in a research report on Wednesday, November 5th. Finally, Sanford C. Bernstein decreased their price objective on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th.

Get Our Latest Stock Analysis on PINS

Pinterest Price Performance

Shares of PINS opened at $22.30 on Friday. The firm has a market capitalization of $15.06 billion, a P/E ratio of 7.74, a PEG ratio of 1.07 and a beta of 0.91. Pinterest has a one year low of $21.83 and a one year high of $40.90. The business has a fifty day moving average of $26.09 and a 200 day moving average of $31.32.

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

More Pinterest News

Here are the key news stories impacting Pinterest this week:

Insiders Place Their Bets

In related news, insider Wanjiku Juanita Walcott sold 74,047 shares of Pinterest stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the transaction, the insider owned 301,214 shares in the company, valued at approximately $8,099,644.46. The trade was a 19.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Malik Ducard sold 2,293 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $26.18, for a total transaction of $60,030.74. Following the completion of the transaction, the insider directly owned 697,480 shares of the company’s stock, valued at $18,260,026.40. This represents a 0.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 105,161 shares of company stock worth $2,796,466. Company insiders own 7.06% of the company’s stock.

Hedge Funds Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anchyra Partners LLC purchased a new position in shares of Pinterest in the 4th quarter worth approximately $209,000. D.A. Davidson & CO. lifted its position in Pinterest by 7.9% in the fourth quarter. D.A. Davidson & CO. now owns 34,091 shares of the company’s stock worth $883,000 after buying an additional 2,500 shares during the last quarter. Camelot Portfolios LLC boosted its stake in Pinterest by 51.8% during the fourth quarter. Camelot Portfolios LLC now owns 32,841 shares of the company’s stock worth $850,000 after buying an additional 11,200 shares during the period. State of Michigan Retirement System purchased a new position in Pinterest during the fourth quarter worth $3,645,000. Finally, Simon Quick Advisors LLC increased its position in Pinterest by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock valued at $265,000 after acquiring an additional 535 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

About Pinterest

(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.

Featured Stories

Analyst Recommendations for Pinterest (NYSE:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.