Pinterest, Inc. (NYSE:PINS) Receives $43.86 Average Target Price from Analysts

Pinterest, Inc. (NYSE:PINS) has been given a consensus rating of “Moderate Buy” by the thirty brokerages that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $43.86.

A number of analysts have weighed in on the company. Royal Bank of Canada upped their price target on Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Rosenblatt Securities raised their target price on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Robert W. Baird reduced their target price on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. KeyCorp lifted their price objective on Pinterest from $37.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, February 7th.

Pinterest Stock Performance

Shares of NYSE PINS opened at $39.35 on Friday. The stock has a market cap of $26.59 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.72 and a beta of 1.06. The business has a 50 day simple moving average of $32.31 and a 200 day simple moving average of $31.60. Pinterest has a 52 week low of $27.00 and a 52 week high of $45.19.

Pinterest (NYSE:PINS) last posted its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 9.20% and a net margin of 51.07%. On average, analysts predict that Pinterest will post 0.59 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total transaction of $35,627.00. Following the transaction, the director now directly owns 31,386 shares of the company’s stock, valued at approximately $972,338.28. This trade represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the transaction, the insider now directly owns 246,921 shares in the company, valued at approximately $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,007 shares of company stock valued at $554,942 over the last 90 days. Insiders own 7.11% of the company’s stock.

Hedge Funds Weigh In On Pinterest

A number of institutional investors have recently modified their holdings of the stock. GTS Securities LLC increased its position in shares of Pinterest by 120.8% during the fourth quarter. GTS Securities LLC now owns 9,797 shares of the company’s stock worth $284,000 after purchasing an additional 56,797 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Pinterest during the fourth quarter worth $103,000. Vise Technologies Inc. increased its position in shares of Pinterest by 22.7% during the fourth quarter. Vise Technologies Inc. now owns 10,781 shares of the company’s stock worth $313,000 after purchasing an additional 1,992 shares in the last quarter. Pinnacle Investment Management Ltd acquired a new position in shares of Pinterest during the fourth quarter worth $870,000. Finally, Orion Capital Management LLC acquired a new position in shares of Pinterest during the fourth quarter worth $194,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

About Pinterest

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.