Shares of Pinterest, Inc. (NYSE:PINS – Get 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
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
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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