Pinterest, Inc. (NYSE:PINS) Receives $27.90 Average PT from Analysts

Pinterest, Inc. (NYSE:PINS) has been given a consensus rating of “Hold” by the thirty-six analysts that are currently covering the company, MarketBeat Ratings reports. Nineteen investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $27.90.

Several analysts recently commented on PINS shares. Wedbush reiterated a “neutral” rating and issued a $24.00 target price on shares of Pinterest in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 price target on shares of Pinterest in a report on Tuesday, May 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 price target on shares of Pinterest in a research report on Wednesday, August 5th. Rosenblatt Securities upped their price objective on shares of Pinterest from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $28.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th.

Insiders Place Their Bets

In other news, CFO Donnelly Julia Brau sold 59,096 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $19,192,763.32. This trade represents a 6.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of Pinterest stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $279,187.20. Following the completion of the sale, the insider owned 691,840 shares of the company’s stock, valued at $13,594,656. This represents a 2.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 536,856 shares of company stock valued at $11,812,924. Company insiders own 8.09% of the company’s stock.

Institutional Investors Weigh In On Pinterest

A number of large investors have recently bought and sold shares of PINS. Vanguard Group Inc. boosted its position in shares of Pinterest by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company’s stock worth $1,606,632,000 after purchasing an additional 1,069,646 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Pinterest by 15.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock valued at $719,994,000 after buying an additional 3,669,476 shares in the last quarter. Victory Capital Management Inc. raised its stake in Pinterest by 30.5% during the 4th 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 during the period. State Street Corp boosted its holdings in Pinterest by 52.6% in the fourth quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after acquiring an additional 7,412,213 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Pinterest by 15.0% in the second quarter. Ameriprise Financial Inc. now owns 17,818,418 shares of the company’s stock valued at $638,969,000 after acquiring an additional 2,319,964 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Trading Up 0.5%

Shares of NYSE PINS opened at $23.34 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest has a 52-week low of $13.84 and a 52-week high of $38.57. The firm has a 50 day moving average price of $22.54 and a two-hundred day moving average price of $20.41. The stock has a market cap of $13.07 billion, a P/E ratio of 68.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities analysts forecast that Pinterest will post 0.62 EPS for the current 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.