Brokerages Set Pinterest, Inc. (NYSE:PINS) Price Target at $43.86

Pinterest, Inc. (NYSE:PINS) has received a consensus recommendation of “Moderate Buy” from the thirty ratings firms that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $43.86.

PINS has been the topic of several recent analyst reports. Guggenheim increased their target price on shares of Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their price target on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group reduced their price target on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus restated a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Finally, TD Cowen assumed coverage on shares of Pinterest in a research report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price target for the company.

Insider Buying and Selling

In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total value of $118,733.60. Following the completion of the transaction, the chief accounting officer now owns 158,468 shares of the company’s stock, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the transaction, the insider now directly owns 246,921 shares of the company’s stock, valued at $7,610,105.22. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,007 shares of company stock valued at $554,942. Company insiders own 7.11% of the company’s stock.

Hedge Funds Weigh In On Pinterest

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest during the 4th quarter worth $28,000. GAMMA Investing LLC lifted its position in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after purchasing an additional 415 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Pinterest during the 3rd quarter worth $37,000. Crewe Advisors LLC lifted its position in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after purchasing an additional 550 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its position in shares of Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after purchasing an additional 1,204 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Performance

NYSE:PINS opened at $39.35 on Friday. Pinterest has a one year low of $27.00 and a one year high of $45.19. The firm has a market cap of $26.59 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.72 and a beta of 1.06. The firm’s fifty day moving average is $32.31 and its two-hundred day moving average is $31.60.

Pinterest (NYSE:PINS) last posted its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 9.20% and a net margin of 51.07%. As a group, equities research analysts predict that Pinterest will post 0.59 earnings per share for the current fiscal year.

Pinterest Company Profile

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.