Pinterest, Inc. (NYSE:PINS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Pinterest, Inc. (NYSE:PINS) has received a consensus rating of “Moderate Buy” from the twenty-seven analysts that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $37.68.

Several brokerages have commented on PINS. Roth Mkm upped their price objective on Pinterest from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Susquehanna raised their price target on shares of Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Evercore ISI boosted their price objective on shares of Pinterest from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 target price on shares of Pinterest in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. boosted their price target on Pinterest from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, February 9th.

Pinterest Trading Up 4.1 %

Pinterest stock opened at $33.97 on Friday. Pinterest has a 12-month low of $20.60 and a 12-month high of $41.60. The firm has a 50-day moving average price of $34.56 and a 200-day moving average price of $34.14. The firm has a market capitalization of $23.06 billion, a PE ratio of -566.07, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The business had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. As a group, sell-side analysts predict that Pinterest will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the sale, the chief financial officer now owns 392,829 shares in the company, valued at approximately $13,521,174.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Pinterest news, Director Jeffrey D. Jordan sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $37.59, for a total transaction of $751,800.00. Following the completion of the transaction, the director now directly owns 74,215 shares of the company’s stock, valued at approximately $2,789,741.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Donnelly Julia Brau sold 65,972 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the sale, the chief financial officer now directly owns 392,829 shares in the company, valued at $13,521,174.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,471 shares of company stock worth $6,525,231. Company insiders own 6.85% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Yousif Capital Management LLC raised its position in Pinterest by 8.0% during the first quarter. Yousif Capital Management LLC now owns 7,503 shares of the company’s stock valued at $260,000 after acquiring an additional 557 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Pinterest by 128.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,580,430 shares of the company’s stock worth $193,473,000 after purchasing an additional 3,134,776 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Pinterest by 0.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,131 shares of the company’s stock valued at $3,714,000 after purchasing an additional 551 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Pinterest by 7.1% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 134,290 shares of the company’s stock valued at $4,656,000 after purchasing an additional 8,900 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new stake in Pinterest during the first quarter worth $202,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.