Pinterest (NYSE:PINS) Price Target Raised to $46.00

Pinterest (NYSE:PINS) had its target price upped by BMO Capital Markets from $45.00 to $46.00 in a research report report published on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

PINS has been the subject of a number of other reports. Roth Mkm increased their price target on Pinterest from $38.00 to $40.00 and gave the company a neutral rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Pinterest from $38.00 to $44.00 and gave the company a neutral rating in a research note on Wednesday. KeyCorp lowered their target price on Pinterest from $48.00 to $40.00 and set an overweight rating on the stock in a report on Wednesday, April 24th. Wedbush upped their price target on shares of Pinterest from $38.00 to $44.00 and gave the company a neutral rating in a report on Wednesday. Finally, Rosenblatt Securities reaffirmed a buy rating and issued a $48.00 price objective (up previously from $45.00) on shares of Pinterest in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pinterest presently has an average rating of Moderate Buy and an average target price of $40.82.

Pinterest Stock Performance

Shares of PINS opened at $40.41 on Wednesday. The firm has a market capitalization of $27.44 billion, a price-to-earnings ratio of 192.44, a price-to-earnings-growth ratio of 4.64 and a beta of 0.99. The stock’s fifty day moving average is $34.79 and its 200-day moving average is $34.53. Pinterest has a one year low of $20.60 and a one year high of $41.60.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $981.26 million for the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. Analysts forecast that Pinterest will post 0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the completion of the sale, the director now directly owns 31,646 shares in the company, valued at approximately $1,055,077.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Donnelly Julia Brau sold 65,972 shares of Pinterest 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 of the company’s stock, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. Insiders have sold a total of 164,471 shares of company stock valued at $5,773,431 in the last three months. Insiders own 7.11% of the company’s stock.

Institutional Trading of Pinterest

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in shares of Pinterest in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new position in Pinterest during the fourth quarter valued at approximately $30,000. Washington Trust Advisors Inc. grew its holdings in Pinterest by 46.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares during the last quarter. Quent Capital LLC raised its position in shares of Pinterest by 71.2% in the first quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock valued at $38,000 after purchasing an additional 460 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Pinterest in the fourth quarter worth $43,000. Institutional investors own 88.81% of the company’s stock.

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.