Brokerages Set Pinterest, Inc. (NYSE:PINS) PT at $27.40

Pinterest, Inc. (NYSE:PINSGet Free Report) has been given a consensus rating of “Hold” by the thirty-five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $27.4031.

A number of research firms recently weighed in on PINS. JPMorgan Chase & Co. raised their target price on shares of Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Oppenheimer boosted their price target on shares of Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Pinterest in a research note on Tuesday, May 5th. Citigroup lifted their price objective on shares of Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley upped their target price on shares of Pinterest from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th.

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Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 14,208 shares of Pinterest stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total value of $279,187.20. Following the completion of the transaction, the insider owned 691,840 shares in the company, valued at approximately $13,594,656. The trade was a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director directly owned 27,450 shares in the company, valued at approximately $549,000. This represents a 7.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 279,070 shares of company stock valued at $5,817,283 over the last ninety days. 8.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PINS. Elevated Capital Advisors LLC purchased a new position in shares of Pinterest during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its stake in Pinterest by 2,017.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after purchasing an additional 1,049 shares during the last quarter. Addison Advisors LLC lifted its stake in Pinterest by 727.3% in the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after purchasing an additional 1,200 shares during the last quarter. Garner Asset Management Corp purchased a new position in shares of Pinterest during the fourth quarter valued at approximately $36,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pinterest during the first quarter valued at approximately $43,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Price Performance

NYSE:PINS opened at $22.06 on Monday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $12.35 billion, a P/E ratio of 45.95, a P/E/G ratio of 1.24 and a beta of 0.89. Pinterest has a 12 month low of $13.84 and a 12 month high of $39.93. The business’s 50-day moving average is $20.50 and its 200 day moving average is $21.00.

Pinterest (NYSE:PINSGet Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. During the same quarter last year, the business posted $0.23 EPS. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities research analysts forecast that Pinterest will post 0.66 earnings per share for the current fiscal year.

Pinterest Company Profile

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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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