Pinterest (NYSE:PINS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pinterest (NYSE:PINSFree Report) from a hold rating to a buy rating in a research note released on Sunday.

Several other research firms have also recently weighed in on PINS. Morgan Stanley boosted their price objective on shares of Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 target price on Pinterest and gave the company a “neutral” rating in a research note on Monday, April 27th. Robert W. Baird boosted their target price on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Mizuho upped their price target on Pinterest from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.90.

View Our Latest Report on PINS

Pinterest Trading Down 2.5%

PINS opened at $23.75 on Friday. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $13.30 billion, a PE ratio of 69.86, a PEG ratio of 1.28 and a beta of 0.90. Pinterest has a 1-year low of $13.84 and a 1-year high of $38.57. The firm has a 50-day moving average price of $22.23 and a two-hundred day moving average price of $20.42.

Pinterest (NYSE:PINSGet Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. As a group, equities analysts anticipate that Pinterest will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 59,096 shares of Pinterest stock in a transaction 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 approximately $19,192,763.32. The trade was a 6.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $20.46, for a total transaction of $559,315.02. Following the sale, the insider owned 724,673 shares of the company’s stock, valued at $14,826,809.58. The trade was a 3.64% decrease in their position. 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 have sold 429,816 shares of company stock worth $9,280,201 over the last ninety days. Company insiders own 8.09% of the company’s stock.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently made changes to their positions in the stock. Snowden Capital Advisors LLC grew its position in shares of Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after purchasing an additional 296 shares in the last quarter. EP Wealth Advisors LLC lifted 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 purchasing an additional 358 shares in the last quarter. Simon Quick Advisors LLC lifted its holdings in Pinterest by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after purchasing an additional 535 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Pinterest by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock worth $684,000 after purchasing an additional 560 shares during the period. Finally, Coyle Financial Counsel LLC boosted its stake in Pinterest by 5.9% in the 4th quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company’s stock worth $274,000 after purchasing an additional 587 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

About Pinterest

(Get Free Report)

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.

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