Pinterest (NYSE:PINS) Raised to Buy at Wall Street Zen

Pinterest (NYSE:PINS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Other research analysts have also issued reports about the stock. Benchmark decreased their target price on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. BMO Capital Markets upped their price target on Pinterest from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Wedbush reaffirmed a “neutral” rating and issued a $24.00 price target on shares of Pinterest in a report on Wednesday, August 5th. Rosenblatt Securities increased their price target on Pinterest from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Evercore lifted their price objective on Pinterest from $27.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pinterest has an average rating of “Hold” and a consensus price target of $27.90.

Pinterest Stock Up 2.5%

NYSE PINS opened at $24.28 on Friday. The business has a fifty day moving average price of $22.17 and a 200 day moving average price of $20.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The company has a market cap of $13.60 billion, a P/E ratio of 71.41, a P/E/G ratio of 1.24 and a beta of 0.90. Pinterest has a one year low of $13.84 and a one year high of $38.57.

Pinterest (NYSE:PINS) last released its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Research analysts anticipate that Pinterest will post 0.63 EPS for the current fiscal year.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $22.54, for a total transaction of $1,056,562.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Donnelly Julia Brau sold 59,096 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the completion of the sale, the chief financial officer owned 817,409 shares in the company, valued at approximately $19,192,763.32. This trade represents a 6.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 429,816 shares of company stock worth $9,280,201. 8.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pinterest

Institutional investors and hedge funds have recently made changes to their positions in the stock. Snowden Capital Advisors LLC boosted its position in shares of 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 purchasing an additional 296 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after purchasing an additional 358 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Pinterest by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock valued at $265,000 after buying an additional 535 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Pinterest by 2.2% during the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock valued at $684,000 after acquiring an additional 560 shares during the last quarter. Finally, Coyle Financial Counsel LLC boosted its stake in shares of Pinterest by 5.9% during the 4th quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company’s stock worth $274,000 after acquiring an additional 587 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

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.