Pinterest (NYSE:PINS) Price Target Lowered to $21.00 at Guggenheim

Pinterest (NYSE:PINSGet Free Report) had its price objective lowered by analysts at Guggenheim from $25.00 to $21.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s price objective indicates a potential upside of 14.32% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Zacks Research upgraded Pinterest from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Bank of America restated a “neutral” rating and set a $19.00 price target (down from $39.00) on shares of Pinterest in a report on Friday, February 13th. BMO Capital Markets set a $28.00 price objective on Pinterest and gave the stock an “outperform” rating in a research note on Friday, February 13th. Barclays decreased their price objective on Pinterest from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Finally, Royal Bank Of Canada downgraded Pinterest from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $38.00 to $17.00 in a research report on Friday, February 13th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.48.

Get Our Latest Stock Report on PINS

Pinterest Stock Performance

PINS opened at $18.37 on Wednesday. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.18 and a beta of 0.93. The company has a fifty day moving average of $19.35 and a 200 day moving average of $25.72. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $39.93.

Pinterest (NYSE:PINSGet Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities research analysts forecast that Pinterest will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other Pinterest 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 sale, the insider directly owned 695,187 shares of the company’s stock, valued at $15,335,825.22. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 5,636 shares of company stock valued at $131,614 in the last ninety days. Company insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several institutional investors have recently modified their holdings of the stock. Snowden Capital Advisors LLC raised its holdings in Pinterest by 4.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after buying an additional 296 shares during the period. EP Wealth Advisors LLC lifted its position in Pinterest by 3.9% in the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares during the last quarter. Dynamic Wealth Strategies LLC boosted its stake in Pinterest by 5.8% during the second quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock worth $237,000 after buying an additional 361 shares during the period. GAMMA Investing LLC increased its position in Pinterest by 22.2% during the third quarter. GAMMA Investing LLC now owns 2,143 shares of the company’s stock valued at $69,000 after acquiring an additional 389 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Pinterest by 46.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock valued at $42,000 after acquiring an additional 419 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

Pinterest Company Profile

(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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