Pinterest, Inc. (NYSE:PINS) Receives $27.69 Consensus PT from Brokerages

Shares of Pinterest, Inc. (NYSE:PINS) have been given a consensus recommendation of “Hold” by the thirty-six analysts that are covering the firm, MarketBeat.com reports. Nineteen equities research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $27.6939.

Several equities analysts have commented on the company. Piper Sandler reissued a “neutral” rating and set a $26.00 price objective (up from $21.00) on shares of Pinterest in a research report on Tuesday, May 5th. Citigroup increased their price target on shares of Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 price target on shares of Pinterest and gave the company a “neutral” rating in a research report on Monday, April 27th. Benchmark cut their price objective on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, UBS Group raised their target price on shares of Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th.

Pinterest Stock Up 0.2%

PINS stock opened at $24.48 on Friday. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The business’s 50 day moving average price is $21.61 and its two-hundred day moving average price is $20.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, analysts forecast that Pinterest will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Wanjiku Juanita Walcott sold 14,208 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total value of $279,187.20. Following the transaction, the insider owned 691,840 shares in the company, valued at $13,594,656. The trade was a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $22.54, for a total transaction of $1,056,562.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 370,720 shares of company stock worth $7,892,627. Insiders own 8.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Elevated Capital Advisors LLC bought a new stake in shares of Pinterest during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its stake in Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Addison Advisors LLC boosted its stake in Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after purchasing an additional 1,200 shares during the last quarter. Garner Asset Management Corp bought a new stake in shares of Pinterest in the 4th quarter worth $36,000. Finally, Summit Securities Group LLC bought a new stake in shares of Pinterest in the 1st quarter worth $43,000. 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.