Pinterest (NYSE:PINS) Receives Neutral Rating from Rosenblatt Securities

Pinterest (NYSE:PINSGet Free Report)‘s stock had its “neutral” rating reissued by investment analysts at Rosenblatt Securities in a report released on Wednesday,Benzinga reports. They presently have a $20.00 price objective on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 1.83% from the company’s previous close.

PINS has been the topic of several other research reports. Royal Bank Of Canada cut Pinterest from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $38.00 to $17.00 in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Pinterest in a research report on Monday, December 29th. Oppenheimer lowered their price objective on shares of Pinterest from $36.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Monness Crespi & Hardt cut shares of Pinterest from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley raised their price target on shares of Pinterest from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.87.

Check Out Our Latest Research Report on Pinterest

Pinterest Price Performance

NYSE PINS traded up $0.54 during mid-day trading on Wednesday, reaching $19.64. 16,596,343 shares of the stock were exchanged, compared to its average volume of 19,349,361. The stock has a market cap of $13.06 billion, a P/E ratio of 32.20, a P/E/G ratio of 1.23 and a beta of 0.93. Pinterest has a one year low of $13.84 and a one year high of $39.93. The stock has a 50 day simple moving average of $22.43 and a 200-day simple moving average of $28.17.

Pinterest (NYSE:PINSGet Free Report) last issued 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). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. Pinterest’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. Sell-side analysts anticipate that Pinterest will post 0.6 EPS for the current fiscal year.

Insider Transactions at Pinterest

In other news, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 695,187 shares of the company’s stock, valued at approximately $15,335,825.22. The trade was a 0.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 value of $590,151.06. Following the completion of the sale, the chief financial officer owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. This represents a 4.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 33,407 shares of company stock worth $855,925. Insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC bought a new position in shares of Pinterest during the fourth quarter valued at approximately $252,000. Integrated Wealth Concepts LLC lifted its holdings in Pinterest by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after buying an additional 607 shares during the period. Empowered Funds LLC boosted its position in 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 in the last quarter. Sivia Capital Partners LLC boosted its position in 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 in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Pinterest by 432.2% in the 2nd quarter. Assetmark Inc. now owns 2,379 shares of the company’s stock valued at $85,000 after acquiring an additional 1,932 shares during the period. Institutional investors own 88.81% of the company’s stock.

Key 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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