Shares of Pinterest, Inc. (NYSE:PINS – Get Free Report) 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.
Get Our Latest Research Report on PINS
Insider Transactions at Pinterest
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 – Get Free Report) 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.
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