Pinterest, Inc. (PINS) – What Are Researchers Thinking About This Stock?

Pinterest, Inc. (NYSE:PINS) has earned a consensus recommendation of “Hold” from the thirty-seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.97.

Several analysts recently issued reports on PINS shares. UBS Group cut their price target on shares of Pinterest from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Citigroup reduced their price objective on Pinterest from $27.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Phillip Securities upgraded shares of Pinterest to a “strong-buy” rating in a research report on Monday, October 19th. Wells Fargo & Company decreased their price target on Pinterest from $31.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Pinterest in a research note on Monday, October 26th.

Insider Transactions at Pinterest

In other news, insider Wanjiku Walcott sold 14,103 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $18.21, for a total value of $256,815.63. Following the completion of the sale, the insider owned 658,902 shares in the company, valued at $11,998,605.42. This represents a 2.10% decrease in their ownership of the stock. 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, Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $19.92, for a total transaction of $933,750.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 680,656 shares of company stock worth $14,279,677 over the last 90 days. 8.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Pinterest in the 3rd quarter worth approximately $31,000. Reyes Financial Architecture Inc. acquired a new stake in Pinterest in the third quarter valued at approximately $34,000. Summit Securities Group LLC bought a new stake in Pinterest in the first quarter worth $43,000. Daytona Street Capital LLC bought a new position in shares of Pinterest in the 3rd quarter valued at approximately $45,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Pinterest in the third quarter valued at approximately $60,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Price Performance

PINS opened at $18.99 on Friday. The company has a fifty day simple moving average of $20.32 and a 200 day simple moving average of $20.63. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 75.94, a PEG ratio of 1.52 and a beta of 0.98. Pinterest has a twelve month low of $13.84 and a twelve month high of $27.96. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 0.32.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). Pinterest had a return on equity of 6.58% and a net margin of 3.81%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm earned $0.38 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts expect that Pinterest will post 0.51 EPS for the current fiscal year.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps people find ideas and plan projects across interests such as home décor, food, fashion, travel and personal style. Users can save images and videos, known as Pins, to collections called boards and explore related recommendations through the company’s website and mobile apps.

The company generates revenue primarily through advertising. Its advertising products allow businesses to promote content to users, while shopping features and tools help merchants showcase products and connect with people as they explore ideas and make plans.

Founded in 2010 by Ben Silbermann, Evan Sharp and Paul Sciarra, Pinterest is headquartered in San Francisco and serves users in markets around the world.