Shares of Pinterest, Inc. (NYSE:PINS – Get Free Report) have earned an average rating of “Hold” from the thirty-seven brokerages that are covering the firm, Marketbeat Ratings reports. Nineteen research analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $27.90.
PINS has been the topic of several recent analyst reports. Rosenblatt Securities boosted their target price on Pinterest from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Susquehanna restated a “positive” rating on shares of Pinterest in a research report on Wednesday, August 5th. UBS Group boosted their target price on shares of Pinterest from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Finally, Wells Fargo & Company raised their price objective on Pinterest from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th.
Read Our Latest Stock Analysis on Pinterest
Insider Buying and Selling
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc boosted its stake in shares of Pinterest by 2.2% in the fourth quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock valued at $684,000 after buying an additional 560 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in shares of Pinterest by 0.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 173,648 shares of the company’s stock worth $3,176,000 after purchasing an additional 785 shares in the last quarter. Caitong International Asset Management Co. Ltd raised 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 valued at $29,000 after purchasing an additional 1,049 shares in the last quarter. GAMMA Investing LLC lifted its position in Pinterest by 13.6% during the second quarter. GAMMA Investing LLC now owns 10,929 shares of the company’s stock worth $230,000 after purchasing an additional 1,308 shares during the period. Finally, Allworth Financial LP raised its position in shares of Pinterest by 8.7% in the 2nd quarter. Allworth Financial LP now owns 16,941 shares of the company’s stock valued at $356,000 after buying an additional 1,360 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.
Pinterest Trading Down 0.1%
Pinterest stock opened at $21.38 on Wednesday. Pinterest has a 52-week low of $13.84 and a 52-week high of $35.42. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 62.89, a PEG ratio of 1.40 and a beta of 0.90. The firm has a 50-day moving average price of $21.15 and a two-hundred day moving average price of $20.82.
Pinterest (NYSE:PINS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Sell-side analysts expect that Pinterest will post 0.58 earnings per share for the current year.
About Pinterest
Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.
Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.
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