Pinterest (NYSE:PINS) Price Target Lowered to $25.00 at Guggenheim

Pinterest (NYSE:PINSFree Report) had its target price reduced by Guggenheim from $38.00 to $25.00 in a research report released on Friday morning, MarketBeat Ratings reports. Guggenheim currently has a buy rating on the stock.

A number of other research analysts have also commented on the company. Loop Capital lowered Pinterest from a “buy” rating to a “hold” rating and cut their target price for the company from $45.00 to $18.00 in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Pinterest in a research note on Monday, December 29th. Sanford C. Bernstein reduced their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Robert W. Baird reissued a “neutral” rating and issued a $20.00 target price (down previously from $35.00) on shares of Pinterest in a research note on Friday. Finally, Evercore reissued an “outperform” rating on shares of Pinterest in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eighteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and an average price target of $26.31.

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Pinterest Stock Performance

Shares of PINS opened at $15.40 on Friday. The firm has a market cap of $10.41 billion, a PE ratio of 25.25, a PEG ratio of 0.81 and a beta of 0.92. The firm’s 50 day moving average price is $24.68 and its 200 day moving average price is $29.98. Pinterest has a twelve month low of $13.84 and a twelve month high of $39.93.

Pinterest (NYSE:PINSGet Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a net margin of 9.87% and a return on equity of 7.93%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business earned $0.56 earnings per share. Pinterest’s quarterly revenue was up 14.3% on a year-over-year basis. On average, sell-side analysts anticipate that Pinterest will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 22,821 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the completion of the sale, the chief financial officer owned 540,358 shares in the company, valued at approximately $13,973,657.88. The trade was a 4.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Malik Ducard sold 6,000 shares of the stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $155,160.00. Following the completion of the transaction, the insider directly owned 699,773 shares in the company, valued at $18,096,129.78. The trade was a 0.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,407 shares of company stock worth $855,925 over the last 90 days. 7.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pinterest

Several large investors have recently made changes to their positions in PINS. Golden State Wealth Management LLC lifted its holdings in Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after purchasing an additional 506 shares during the last quarter. N.E.W. Advisory Services LLC increased its holdings in shares of Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Pinterest by 3,839.1% in the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after purchasing an additional 883 shares during the period. Elevated Capital Advisors LLC acquired a new stake in shares of Pinterest during the 4th quarter worth about $26,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after buying an additional 1,049 shares during the period. Institutional investors own 88.81% of the company’s stock.

Key Headlines Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

About Pinterest

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Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

Further Reading

Analyst Recommendations for Pinterest (NYSE:PINS)

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