Pinterest (PINS) Now Covered by Analysts at UBS Group

UBS Group assumed coverage on shares of Pinterest (NASDAQ:PINS) in a research report sent to investors on Monday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $31.00 target price on the stock.

Several other research firms have also issued reports on PINS. Rosenblatt Securities began coverage on Pinterest in a research note on Wednesday, May 8th. They set a neutral rating and a $32.00 price objective for the company. Citigroup began coverage on Pinterest in a research note on Monday. They set a buy rating and a $34.00 price objective for the company. DA Davidson began coverage on Pinterest in a research note on Monday, April 15th. They set a neutral rating for the company. Nomura began coverage on Pinterest in a research note on Friday, May 10th. They set a buy rating and a $34.00 price objective for the company. Finally, Argus began coverage on Pinterest in a research note on Friday, May 10th. They set a hold rating for the company. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $30.62.

Shares of PINS stock opened at $28.99 on Monday. Pinterest has a one year low of $23.05 and a one year high of $35.29.

In related news, Director Fredric G. Reynolds acquired 40,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average cost of $27.04 per share, for a total transaction of $1,081,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

About Pinterest

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Analyst Recommendations for Pinterest (NASDAQ:PINS)

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