Pinterest, Inc. (NYSE:PINS – Get Free Report) has been given a consensus rating of “Hold” by the thirty-six analysts that are presently covering the company, Marketbeat reports. Nineteen investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $27.90.
Several equities research analysts have recently commented on PINS shares. Mizuho boosted their target price on shares of Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Oppenheimer raised their price target on shares of Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Morgan Stanley lifted their price target on Pinterest from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings raised Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Finally, Guggenheim increased their price objective on Pinterest from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th.
Get Our Latest Stock Analysis on PINS
Pinterest Stock Performance
Pinterest (NYSE:PINS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating 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 business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted $0.33 EPS. Pinterest’s quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts predict that Pinterest will post 0.62 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO Donnelly Julia Brau sold 59,096 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $23.48, for a total value of $1,387,574.08. Following the completion of the sale, the chief financial officer directly owned 817,409 shares of the company’s stock, valued at approximately $19,192,763.32. This represents a 6.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $23.40, for a total value of $1,096,875.00. 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. Over the last three months, insiders have sold 536,856 shares of company stock worth $11,812,924. 8.09% of the stock is owned by corporate insiders.
Institutional Trading of Pinterest
Several institutional investors and hedge funds have recently made changes to their positions in the company. Elevated Capital Advisors LLC bought a new stake in Pinterest in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after buying an additional 1,049 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after buying an additional 1,200 shares in the last quarter. Garner Asset Management Corp purchased a new position in shares of Pinterest in the 4th quarter worth approximately $36,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pinterest in the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.
About Pinterest
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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