Shares of Pinterest, Inc. (NYSE:PINS – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty-eight analysts that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $41.65.
A number of research firms have recently commented on PINS. TD Cowen initiated coverage on shares of Pinterest in a research note on Tuesday, November 26th. They set a “buy” rating and a $38.00 target price for the company. Robert W. Baird dropped their price objective on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. KeyCorp lowered their target price on Pinterest from $45.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Rosenblatt Securities cut their price target on Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Raymond James dropped their target price on Pinterest from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, November 8th.
View Our Latest Report on Pinterest
Insider Activity
Institutional Investors Weigh In On Pinterest
Hedge funds have recently modified their holdings of the stock. Comerica Bank raised its position in Pinterest by 5.4% during the 1st quarter. Comerica Bank now owns 49,865 shares of the company’s stock worth $1,729,000 after buying an additional 2,561 shares during the last quarter. Virtu Financial LLC lifted its position in Pinterest by 93.7% in the first quarter. Virtu Financial LLC now owns 11,099 shares of the company’s stock valued at $385,000 after purchasing an additional 5,368 shares during the period. Swedbank AB purchased a new stake in Pinterest in the 1st quarter valued at approximately $1,714,000. Cetera Investment Advisers increased its position in Pinterest by 103.4% during the 1st quarter. Cetera Investment Advisers now owns 63,535 shares of the company’s stock worth $2,203,000 after purchasing an additional 32,305 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in shares of Pinterest in the 1st quarter valued at approximately $1,175,000. 88.81% of the stock is owned by institutional investors and hedge funds.
Pinterest Price Performance
Shares of PINS stock opened at $31.58 on Friday. The stock has a 50 day simple moving average of $31.78 and a 200-day simple moving average of $35.13. Pinterest has a 1-year low of $27.00 and a 1-year high of $45.19. The company has a market cap of $21.34 billion, a price-to-earnings ratio of 105.27, a PEG ratio of 2.21 and a beta of 1.02.
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.
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