Analysts Set Pinterest, Inc. (NYSE:PINS) Price Target at $43.32

Shares of Pinterest, Inc. (NYSE:PINS) have earned a consensus recommendation of “Moderate Buy” from the thirty brokerages that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $43.32.

A number of brokerages have recently commented on PINS. Robert W. Baird cut their price objective on shares of Pinterest from $44.00 to $41.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $48.00 price objective on shares of Pinterest in a research note on Wednesday, July 31st. Roth Mkm decreased their price target on shares of Pinterest from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Barclays decreased their price target on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. Finally, Oppenheimer began coverage on shares of Pinterest in a report on Tuesday, September 24th. They issued an “outperform” rating and a $45.00 price objective on the stock.

Insider Transactions at Pinterest

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the transaction, the chief financial officer now owns 297,351 shares in the company, valued at approximately $9,729,324.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.11% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brown Shipley& Co Ltd acquired a new position in shares of Pinterest during the 2nd quarter valued at $25,000. Wellington Shields Capital Management LLC acquired a new position in Pinterest during the second quarter worth $26,000. Hexagon Capital Partners LLC raised its holdings in Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after buying an additional 459 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Pinterest by 113.4% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after acquiring an additional 405 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Pinterest in the 2nd quarter worth $35,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Down 0.5 %

Pinterest stock opened at $33.98 on Friday. The company’s fifty day simple moving average is $31.16 and its 200-day simple moving average is $36.54. Pinterest has a 12 month low of $23.59 and a 12 month high of $45.19. The stock has a market cap of $23.21 billion, a P/E ratio of 161.81, a P/E/G ratio of 2.61 and a beta of 1.01.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $853.68 million during the quarter, compared to analyst estimates of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. Pinterest’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. On average, equities research analysts expect that Pinterest will post 0.39 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.