Stifel Nicolaus Increases Pinterest (NYSE:PINS) Price Target to $46.00

Pinterest (NYSE:PINS) had its price target upped by Stifel Nicolaus from $42.00 to $46.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

PINS has been the topic of a number of other research reports. KeyCorp dropped their price target on Pinterest from $48.00 to $40.00 and set an overweight rating on the stock in a research note on Wednesday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of Pinterest from $34.00 to $38.00 and gave the stock a neutral rating in a research report on Friday, February 9th. BMO Capital Markets started coverage on shares of Pinterest in a research report on Tuesday, January 9th. They issued an outperform rating and a $45.00 price target for the company. Susquehanna lifted their price objective on shares of Pinterest from $35.00 to $45.00 and gave the stock a positive rating in a research report on Friday, February 9th. Finally, Argus upgraded Pinterest from a hold rating to a buy rating and set a $45.00 target price for the company in a report on Thursday, January 18th. Eight equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $40.82.

Pinterest Price Performance

Shares of NYSE:PINS opened at $40.40 on Wednesday. Pinterest has a 12 month low of $20.60 and a 12 month high of $41.60. The stock’s 50 day moving average price is $34.60 and its 200 day moving average price is $34.40. The stock has a market cap of $27.43 billion, a price-to-earnings ratio of 192.39, a PEG ratio of 4.58 and a beta of 0.99.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The business had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. Pinterest had a net margin of 4.64% and a return on equity of 6.08%. On average, sell-side analysts expect that Pinterest will post 0.36 EPS for the current year.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the transaction, the chief financial officer now owns 392,829 shares in the company, valued at $13,521,174.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $34.10, for a total value of $65,949.40. Following the completion of the sale, the director now directly owns 33,580 shares of the company’s stock, valued at approximately $1,145,078. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,471 shares of company stock valued at $5,773,431. Insiders own 7.11% of the company’s stock.

Institutional Trading of Pinterest

Institutional investors and hedge funds have recently modified their holdings of the company. Resonant Capital Advisors LLC acquired a new stake in Pinterest during the first quarter worth $371,000. 1834 Investment Advisors Co. lifted its holdings in shares of Pinterest by 29.2% during the 1st quarter. 1834 Investment Advisors Co. now owns 16,442 shares of the company’s stock worth $570,000 after acquiring an additional 3,714 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Pinterest by 7.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,678 shares of the company’s stock worth $2,069,000 after acquiring an additional 4,237 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Pinterest during the 1st quarter valued at about $1,516,000. Finally, TFC Financial Management Inc. increased its stake in Pinterest by 33.5% in the first quarter. TFC Financial Management Inc. now owns 5,170 shares of the company’s stock valued at $179,000 after acquiring an additional 1,297 shares during the period. 88.81% of the stock is currently owned by 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.