Pinterest, Inc. (NYSE:PINS) Receives Consensus Recommendation of “Hold” from Analysts

Pinterest, Inc. (NYSE:PINS) has been given a consensus recommendation of “Hold” by the thirty-five research firms that are covering the stock, MarketBeat Ratings reports. Nineteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $25.8677.

Several research analysts have recently issued reports on the stock. Wedbush reduced their target price on shares of Pinterest from $30.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Wells Fargo & Company cut their target price on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Cantor Fitzgerald set a $18.00 price target on shares of Pinterest in a report on Friday, February 13th. Wolfe Research set a $33.00 price objective on shares of Pinterest and gave the company an “outperform” rating in a research report on Monday, January 5th. Finally, Citigroup downgraded shares of 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 report on Friday, February 13th.

Insider Buying and Selling

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the transaction, the chief financial officer owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Malik Ducard sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $155,160.00. Following the completion of the transaction, the insider owned 699,773 shares of the company’s stock, valued at $18,096,129.78. The trade was a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 34,457 shares of company stock valued at $876,925. Insiders own 7.06% of the company’s stock.

Hedge Funds Weigh In On Pinterest

A number of institutional investors have recently bought and sold shares of PINS. Norges Bank acquired a new position in shares of Pinterest during the 4th quarter worth approximately $357,945,000. Davis Selected Advisers acquired a new position in shares of Pinterest in the third quarter valued at about $253,887,000. State Street Corp grew its position in shares of Pinterest by 52.6% during the 4th quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after purchasing an additional 7,412,213 shares in the last quarter. Victory Capital Management Inc. grew its position in Pinterest by 30.5% during the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock worth $694,082,000 after buying an additional 6,258,628 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Pinterest by 1,138.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,601,571 shares of the company’s stock worth $165,012,000 after purchasing an additional 4,230,125 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Up 0.3%

Shares of NYSE:PINS opened at $18.71 on Friday. The firm has a market cap of $12.44 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.22 and a beta of 0.93. The company’s 50-day moving average price is $20.50 and its two-hundred day moving average price is $26.75. Pinterest has a 12 month low of $13.84 and a 12 month high of $39.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $1.32 billion during 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 business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. As a group, equities analysts predict that Pinterest will post 0.6 earnings per share for the current fiscal year.

About Pinterest

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.