Rosenblatt Securities Reaffirms “Neutral” Rating for Pinterest (NYSE:PINS)

Pinterest (NYSE:PINSGet Free Report)‘s stock had its “neutral” rating reissued by equities research analysts at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $20.00 target price on the stock. Rosenblatt Securities’ target price indicates a potential upside of 1.16% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Roth Mkm lowered their target price on shares of Pinterest from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Zacks Research upgraded Pinterest from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Barclays decreased their price target on Pinterest from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pinterest in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.87.

Read Our Latest Research Report on Pinterest

Pinterest Price Performance

Shares of NYSE PINS opened at $19.77 on Wednesday. Pinterest has a one year low of $13.84 and a one year high of $39.93. The business’s 50-day moving average price is $22.17 and its two-hundred day moving average price is $28.05. The company has a market capitalization of $13.15 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.37 and a beta of 0.93.

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

Insider Activity at Pinterest

In other news, insider Malik Ducard sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $155,160.00. Following the completion of the transaction, the insider directly owned 699,773 shares in the company, valued at $18,096,129.78. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $590,151.06. Following the completion of the sale, the chief financial officer owned 540,358 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 33,407 shares of company stock worth $855,925. Company insiders own 7.06% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC lifted its position in shares of Pinterest by 282.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after acquiring an additional 506 shares during the period. Elevated Capital Advisors LLC bought a new stake in shares of Pinterest during the fourth quarter valued at approximately $26,000. N.E.W. Advisory Services LLC raised its stake 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 purchasing an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in Pinterest by 3,839.1% in the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 883 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after buying an additional 1,049 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

More Pinterest News

Here are the key news stories impacting Pinterest this week:

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.

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Analyst Recommendations for Pinterest (NYSE:PINS)

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