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

Pinterest, Inc. (NYSE:PINS) has been given an average rating of “Moderate Buy” by the twenty-nine analysts that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $42.78.

A number of research analysts have recently issued reports on PINS shares. Wells Fargo & Company dropped their target price on Pinterest from $49.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Susquehanna cut their price target on Pinterest from $50.00 to $45.00 and set a “positive” rating for the company in a research note on Wednesday, July 31st. Robert W. Baird reduced their price objective on Pinterest from $44.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price objective on Pinterest from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Raymond James reduced their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st.

Insiders Place Their Bets

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $44.38, for a total value of $1,343,826.40. Following the completion of the sale, the chief financial officer now directly owns 362,822 shares in the company, valued at approximately $16,102,040.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently modified their holdings of the business. Brown Shipley& Co Ltd acquired a new position in Pinterest in the second quarter valued at approximately $25,000. Wellington Shields Capital Management LLC acquired a new position in Pinterest during the 2nd quarter valued at approximately $26,000. Hexagon Capital Partners LLC grew its stake in Pinterest by 157.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after buying an additional 459 shares during the last quarter. GAMMA Investing LLC increased its position in Pinterest by 113.4% in the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after buying an additional 405 shares during the period. Finally, Rothschild Investment LLC bought a new stake in Pinterest in the second quarter valued at $35,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Down 0.5 %

Shares of Pinterest stock opened at $30.38 on Tuesday. The company has a market capitalization of $20.85 billion, a P/E ratio of 144.67, a P/E/G ratio of 3.22 and a beta of 1.00. The company has a 50 day moving average of $32.58 and a 200 day moving average of $36.73. Pinterest has a 52-week low of $23.59 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The company had revenue of $853.68 million during the quarter, compared to the consensus estimate of $848.75 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Pinterest’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, research analysts anticipate that Pinterest will post 0.39 earnings per share for the current fiscal year.

Pinterest Company Profile

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.