Pinterest (NYSE:PINS) Raised to “Positive” at Susquehanna Bancshares

Susquehanna Bancshares upgraded shares of Pinterest (NYSE:PINS – Get Rating) to a positive rating in a research note released on Tuesday, Stock Target Advisor reports. The brokerage currently has $35.00 price objective on the stock, up from their prior price objective of $22.00.

Several other research analysts also recently weighed in on PINS. TheStreet downgraded Pinterest from a c rating to a d+ rating in a research note on Tuesday, May 31st. Barclays lowered their price target on Pinterest from $24.00 to $20.00 and set an equal weight rating on the stock in a report on Tuesday, July 5th. KeyCorp decreased their price objective on Pinterest from $36.00 to $24.00 and set an overweight rating on the stock in a report on Tuesday, July 26th. MKM Partners decreased their price target on Pinterest from $38.00 to $28.00 in a research note on Thursday, April 28th. Finally, Atlantic Securities set a $22.00 price target on Pinterest in a research note on Tuesday, July 19th. Nineteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $29.76.

Pinterest Price Performance

Shares of NYSE:PINS opened at $22.55 on Tuesday. The company has a market capitalization of $14.96 billion, a PE ratio of 72.74, a price-to-earnings-growth ratio of 13.36 and a beta of 1.19. The business has a fifty day moving average price of $19.58 and a two-hundred day moving average price of $22.57. Pinterest has a 1 year low of $16.14 and a 1 year high of $66.00.

Pinterest (NYSE:PINS – Get Rating) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The business had revenue of $666.00 million during the quarter, compared to the consensus estimate of $663.19 million. Pinterest had a net margin of 8.10% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. Sell-side analysts anticipate that Pinterest will post 0.11 earnings per share for the current year.

Insider Transactions at Pinterest

In related news, CEO William J. Ready acquired 222,551 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average price of $22.47 per share, with a total value of $5,000,720.97. Following the acquisition, the chief executive officer now directly owns 222,551 shares in the company, valued at $5,000,720.97. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO William J. Ready purchased 222,551 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average cost of $22.47 per share, for a total transaction of $5,000,720.97. Following the transaction, the chief executive officer now directly owns 222,551 shares of the company’s stock, valued at approximately $5,000,720.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Naveen Gavini sold 4,756 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $20.01, for a total transaction of $95,167.56. Following the completion of the sale, the senior vice president now owns 501,653 shares in the company, valued at $10,038,076.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 548,619 shares of company stock valued at $10,307,146. 7.58% of the stock is owned by insiders.

Institutional Trading of Pinterest

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in shares of Pinterest by 134.4% in the second quarter. Allworth Financial LP now owns 1,390 shares of the company’s stock valued at $25,000 after purchasing an additional 797 shares during the last quarter. Cohanzick Management LLC acquired a new stake in shares of Pinterest in the first quarter valued at approximately $25,000. KRS Capital Management LLC acquired a new stake in shares of Pinterest in the fourth quarter valued at approximately $26,000. Sandy Cove Advisors LLC acquired a new stake in shares of Pinterest in the fourth quarter valued at approximately $33,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Pinterest by 212.0% in the first quarter. First Horizon Advisors Inc. now owns 1,404 shares of the company’s stock valued at $35,000 after purchasing an additional 954 shares during the last quarter. 63.76% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Company Profile

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Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.