TD Cowen initiated coverage on shares of Pinterest (NYSE:PINS – Free Report) in a report published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $38.00 price target on the stock.
PINS has been the subject of several other reports. Rosenblatt Securities lowered their price objective on Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Benchmark reaffirmed a “hold” rating on shares of Pinterest in a report on Friday, November 8th. UBS Group cut their price objective on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Raymond James lowered their target price on shares of Pinterest from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Wedbush upgraded shares of Pinterest from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and an average target price of $41.63.
Get Our Latest Analysis on Pinterest
Pinterest Trading Down 0.1 %
Insider Activity at Pinterest
In related news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the sale, the chief financial officer now owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. The trade was a 9.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the transaction, the director now directly owns 33,686 shares of the company’s stock, valued at approximately $1,129,154.72. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,287 shares of company stock worth $1,547,820 over the last 90 days. Company insiders own 7.11% of the company’s stock.
Institutional Investors Weigh In On Pinterest
Institutional investors and hedge funds have recently modified their holdings of the company. Leibman Financial Services Inc. increased its holdings in Pinterest by 0.9% during the 2nd quarter. Leibman Financial Services Inc. now owns 31,390 shares of the company’s stock valued at $1,383,000 after acquiring an additional 266 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Pinterest by 5.2% in the third quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock valued at $205,000 after purchasing an additional 313 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Pinterest by 1.1% during the 2nd quarter. Raymond James Trust N.A. now owns 30,012 shares of the company’s stock worth $1,323,000 after purchasing an additional 319 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Pinterest by 3.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock worth $304,000 after purchasing an additional 339 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in Pinterest by 0.7% in the 2nd quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock valued at $2,510,000 after buying an additional 372 shares in the last quarter. Institutional investors and hedge funds 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.
Further Reading
- Five stocks we like better than Pinterest
- What Are Dividend Contenders? Investing in Dividend Contenders
- The Latest 13F Filings Are In: See Where Big Money Is Flowing
- What is a buyback in stocks? A comprehensive guide for investors
- 3 Penny Stocks Ready to Break Out in 2025
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential
Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.