Pinterest, Inc. (NYSE:PINS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pinterest, Inc. (NYSE:PINS) have earned an average recommendation of “Moderate Buy” from the thirty-one brokerages that are presently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $38.9655.

Several brokerages recently commented on PINS. The Goldman Sachs Group reduced their target price on Pinterest from $43.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Wall Street Zen cut shares of Pinterest from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Wells Fargo & Company dropped their target price on shares of Pinterest from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. UBS Group decreased their price target on Pinterest from $51.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Wedbush lowered Pinterest from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $34.00 to $30.00 in a research report on Monday, December 8th.

Insiders Place Their Bets

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total transaction of $795,311.85. Following the transaction, the chief financial officer owned 312,422 shares in the company, valued at $10,887,906.70. The trade was a 6.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 198,959 shares of company stock worth $6,345,304. 7.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pinterest

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Snowden Capital Advisors LLC increased its stake in shares of Pinterest by 4.4% during the second 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. Penserra Capital Management LLC lifted its stake in Pinterest by 10.1% in the second quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock worth $115,000 after acquiring an additional 300 shares during the period. EP Wealth Advisors LLC grew its holdings in Pinterest by 3.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after acquiring an additional 358 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in Pinterest by 3.6% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock valued at $369,000 after purchasing an additional 359 shares during the period. Finally, Dynamic Wealth Strategies LLC raised its holdings in shares of Pinterest by 5.8% in the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock valued at $237,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Up 0.4%

Shares of Pinterest stock opened at $25.89 on Thursday. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 1.63 and a beta of 0.89. Pinterest has a twelve month low of $23.68 and a twelve month high of $40.90. The company’s fifty day moving average is $28.85 and its 200 day moving average is $33.23.

Pinterest (NYSE:PINS) last announced its earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. The firm had revenue of $665.93 million for the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%. As a group, equities analysts anticipate that Pinterest will post 0.6 earnings per share for the current fiscal year.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.