Brokerages Set Pinterest, Inc. (NYSE:PINS) Target Price at $25.87

Pinterest, Inc. (NYSE:PINS) has earned an average rating of “Moderate Buy” from the thirty-four analysts that are currently covering the firm, MarketBeat Ratings reports. Eighteen analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $25.8677.

PINS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $20.00 price objective (down from $36.00) on shares of Pinterest in a research report on Friday, February 13th. Mizuho set a $35.00 target price on shares of Pinterest in a research note on Tuesday, February 3rd. BMO Capital Markets set a $28.00 price target on shares of Pinterest and gave the company an “outperform” rating in a research note on Friday, February 13th. Bank of America restated a “neutral” rating and issued a $19.00 price objective (down from $39.00) on shares of Pinterest in a report on Friday, February 13th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $20.00 target price (down from $35.00) on shares of Pinterest in a report on Friday, February 13th.

Pinterest Trading Down 3.9%

Pinterest stock opened at $17.11 on Tuesday. Pinterest has a 12-month low of $13.84 and a 12-month high of $39.93. The stock has a market cap of $11.38 billion, a P/E ratio of 28.05, a PEG ratio of 1.21 and a beta of 0.92. The company has a 50-day moving average price of $22.74 and a 200 day moving average price of $28.47.

Pinterest (NYSE:PINS) 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). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. As a group, analysts forecast that Pinterest will post 0.6 EPS for the current year.

Insiders Place Their Bets

In other Pinterest news, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the transaction, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at $13,973,657.88. The trade was a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the sale, the insider owned 695,187 shares in the company, valued at $15,335,825.22. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 33,407 shares of company stock valued at $855,925 over the last ninety days. Insiders own 7.06% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several large investors have recently added to or reduced their stakes in PINS. Vanguard Group Inc. boosted its position in Pinterest by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company’s stock valued at $1,606,632,000 after buying an additional 1,069,646 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Pinterest by 15.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock valued at $719,994,000 after acquiring an additional 3,669,476 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Pinterest by 30.5% in the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after purchasing an additional 6,258,628 shares during the period. State Street Corp grew its stake in Pinterest by 52.6% during the 4th quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after purchasing an additional 7,412,213 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Pinterest by 10.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock worth $634,767,000 after purchasing an additional 1,913,668 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

About Pinterest

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.