Analysts Set Pinterest, Inc. (NYSE:PINS) Price Target at $41.46

Shares of Pinterest, Inc. (NYSE:PINSGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty-eight analysts that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.46.

Several equities research analysts recently issued reports on the company. Benchmark reiterated a “hold” rating on shares of Pinterest in a report on Friday, November 8th. Roth Mkm reduced their target price on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. KeyCorp dropped their price target on shares of Pinterest from $45.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $41.00 price objective on shares of Pinterest in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th.

Get Our Latest Stock Analysis on PINS

Pinterest Stock Performance

PINS stock opened at $29.56 on Thursday. The business has a 50-day simple moving average of $30.94 and a two-hundred day simple moving average of $33.81. The company has a market capitalization of $19.98 billion, a P/E ratio of 98.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. Pinterest has a 52-week low of $27.00 and a 52-week high of $45.19.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.98, for a total value of $35,627.00. Following the transaction, the director now owns 31,386 shares of the company’s stock, valued at $972,338.28. This represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total value of $118,733.60. Following the transaction, the chief accounting officer now owns 158,468 shares in the company, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,157 shares of company stock valued at $592,685. 7.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pinterest

Institutional investors have recently bought and sold shares of the stock. Brown Shipley& Co Ltd purchased a new stake in shares of Pinterest during the second quarter worth about $25,000. Wellington Shields Capital Management LLC bought a new stake in shares of Pinterest in the 2nd quarter worth approximately $26,000. Rothschild Investment LLC purchased a new position in shares of Pinterest during the second quarter valued at approximately $35,000. V Square Quantitative Management LLC bought a new position in shares of Pinterest during the third quarter valued at approximately $37,000. Finally, Crewe Advisors LLC lifted its stake in Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after acquiring an additional 550 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Company Profile

(Get Free Report

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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Analyst Recommendations for Pinterest (NYSE:PINS)

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