Pinterest (NYSE:PINS – Get Free Report)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Financial Group in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $32.00 target price on the stock, down from their previous target price of $40.00. Jefferies Financial Group’s target price suggests a potential upside of 7.42% from the stock’s current price.
PINS has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft began coverage on Pinterest in a research report on Monday, September 23rd. They issued a “buy” rating and a $43.00 price target on the stock. Raymond James cut their target price on Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Pinterest in a research report on Tuesday, December 10th. Cantor Fitzgerald reissued an “overweight” rating and set a $41.00 price objective on shares of Pinterest in a research report on Monday, October 7th. Finally, KeyCorp decreased their target price on shares of Pinterest from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.86.
Get Our Latest Research Report on PINS
Pinterest Price Performance
Insider Transactions at Pinterest
In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total transaction of $34,189.50. Following the completion of the sale, the director now directly owns 32,536 shares of the company’s stock, valued at $967,295.28. The trade was a 3.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,845 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the sale, the chief accounting officer now directly owns 158,468 shares of the company’s stock, valued at approximately $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 three months, insiders have sold 18,007 shares of company stock valued at $554,137. 7.11% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Pinterest
Several institutional investors have recently bought and sold shares of the company. Brown Shipley& Co Ltd acquired a new position in Pinterest during the 2nd quarter valued at about $25,000. GAMMA Investing LLC grew its stake in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after acquiring an additional 415 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Pinterest in the 3rd quarter worth approximately $37,000. Crewe Advisors LLC grew its position in 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, Ashton Thomas Private Wealth LLC acquired a new position in Pinterest during the 2nd quarter valued at approximately $52,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.
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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