Pinterest, Inc. (NYSE:PINS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Pinterest, Inc. (NYSE:PINS) have been given an average rating of “Moderate Buy” by the twenty-nine analysts that are covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $40.70.

Several equities analysts have recently commented on the stock. UBS Group lowered 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. Morgan Stanley increased their target price on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Oppenheimer decreased their target price on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Roth Mkm reduced their price objective on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $48.00 price objective on shares of Pinterest in a research report on Tuesday, December 10th.

Pinterest Stock Performance

Pinterest stock opened at $32.92 on Monday. The company has a 50-day simple moving average of $30.64 and a 200-day simple moving average of $32.09. The firm has a market capitalization of $22.25 billion, a P/E ratio of 109.72, a P/E/G ratio of 1.61 and a beta of 1.04. Pinterest has a one year low of $27.00 and a one year high of $45.19.

Insiders Place Their Bets

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total transaction of $34,189.50. Following the sale, the director now owns 32,536 shares in the company, valued at $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s stock in a transaction 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 sale, the insider now owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,157 shares of company stock worth $589,131 over the last 90 days. Corporate insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp lifted its position in Pinterest by 1.2% during the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company’s stock worth $413,483,000 after buying an additional 156,748 shares in the last quarter. Geode Capital Management LLC lifted its position in Pinterest by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company’s stock worth $305,710,000 after buying an additional 76,920 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in Pinterest by 51.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock worth $285,248,000 after buying an additional 2,996,750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Pinterest by 8.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company’s stock worth $192,423,000 after buying an additional 460,708 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Pinterest during the 3rd quarter worth about $153,829,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

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.