Pinterest, Inc. (NYSE:PINS) Stock Has Average Price Target of $27.90 According to Brokerages

Shares of Pinterest, Inc. (NYSE:PINS) have been assigned an average recommendation of “Hold” from the thirty-seven brokerages that are covering the firm, MarketBeat reports. Nineteen investment analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $27.90.

Several equities analysts have weighed in on PINS shares. Citigroup lifted their price objective on Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Barclays increased their target price on Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Robert W. Baird increased their target price on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Mizuho raised their price target on Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley boosted their price objective on shares of Pinterest from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th.

Pinterest Stock Up 4.4%

Shares of PINS opened at $22.35 on Wednesday. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. Pinterest has a 12 month low of $13.84 and a 12 month high of $35.42. The firm’s 50 day moving average is $21.03 and its 200-day moving average is $20.87. The stock has a market capitalization of $12.52 billion, a PE ratio of 54.92, a P/E/G ratio of 1.40 and a beta of 0.90.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. Equities research analysts forecast that Pinterest will post 0.58 EPS for the current year.

Insiders Place Their Bets

In other Pinterest news, CFO Julia Donnelly sold 29,548 shares of the firm’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $18.61, for a total value of $549,888.28. Following the sale, the chief financial officer owned 751,921 shares of the company’s stock, valued at approximately $13,993,249.81. This trade represents a 3.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $19.66, for a total value of $921,562.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 644,952 shares of company stock worth $13,697,957. 8.09% of the stock is owned by company insiders.

Institutional Trading of Pinterest

Several large investors have recently bought and sold shares of PINS. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after purchasing an additional 1,049 shares during the period. Summit Securities Group LLC bought a new stake in shares of Pinterest in the first quarter worth $43,000. MidFirst Bank bought a new stake in shares of Pinterest in the fourth quarter worth $44,000. Bessemer Group Inc. grew its stake in shares of Pinterest by 445.1% in the first quarter. Bessemer Group Inc. now owns 3,712 shares of the company’s stock worth $68,000 after purchasing an additional 3,031 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Pinterest in the fourth quarter valued at $85,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.