Brokerages Set Pinterest, Inc. (NYSE:PINS) PT at $37.97

Pinterest, Inc. (NYSE:PINS) has been assigned an average recommendation of “Moderate Buy” from the twenty-seven analysts that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $37.97.

Several equities research analysts have commented on the company. Wedbush boosted their target price on Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. JPMorgan Chase & Co. boosted their target price on Pinterest from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 target price on shares of Pinterest in a report on Friday, February 9th. BMO Capital Markets began coverage on Pinterest in a report on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 target price on the stock. Finally, Royal Bank of Canada upped their price target on Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, February 9th.

Pinterest Stock Performance

The stock has a market capitalization of $22.22 billion, a PE ratio of -539.91, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. The business has a fifty day moving average price of $34.79 and a two-hundred day moving average price of $34.08. Pinterest has a 12 month low of $20.60 and a 12 month high of $41.60.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. The business had revenue of $981.26 million for the quarter, compared to the consensus estimate of $988.62 million. As a group, equities research analysts predict that Pinterest will post 0.36 earnings per share for the current year.

Insider Activity at Pinterest

In related news, Director Jeffrey D. Jordan sold 20,000 shares of Pinterest stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the sale, the director now owns 74,215 shares of the company’s stock, valued at approximately $2,789,741.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Pinterest news, Director Jeffrey D. Jordan sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the completion of the transaction, the director now owns 74,215 shares in the company, valued at approximately $2,789,741.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sabrina Ellis sold 24,410 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total value of $866,310.90. Following the transaction, the insider now owns 500,504 shares of the company’s stock, valued at approximately $17,762,886.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,471 shares of company stock valued at $6,525,231. 6.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pinterest

A number of large investors have recently bought and sold shares of PINS. Legacy Capital Group California Inc. raised its position in Pinterest by 1.7% during the 4th quarter. Legacy Capital Group California Inc. now owns 16,156 shares of the company’s stock valued at $598,000 after purchasing an additional 267 shares in the last quarter. Venture Visionary Partners LLC raised its position in Pinterest by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock valued at $1,816,000 after purchasing an additional 324 shares in the last quarter. Washington Trust Advisors Inc. raised its position in Pinterest by 46.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in Pinterest by 0.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 45,922 shares of the company’s stock valued at $1,701,000 after purchasing an additional 348 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in Pinterest by 40.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock valued at $48,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

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.