Pinterest (NYSE:PINS)‘s stock had its “buy” rating reissued by equities research analysts at Nomura in a research report issued to clients and investors on Monday, January 6th, AnalystRatings.com reports. They presently have a $31.00 price target on the stock. Nomura’s price target points to a potential upside of 38.76% from the company’s current price.
PINS has been the subject of several other research reports. Wells Fargo & Co assumed coverage on Pinterest in a report on Thursday, September 26th. They set a “market perform” rating and a $34.00 price objective for the company. Rosenblatt Securities reiterated a “neutral” rating and set a $23.00 price target (down previously from $31.00) on shares of Pinterest in a report on Friday, November 1st. Barclays decreased their price target on Pinterest from $30.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. DA Davidson upgraded Pinterest from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday, November 1st. Finally, Susquehanna Bancshares decreased their price target on Pinterest from $36.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.46.
Shares of PINS stock opened at $22.34 on Monday. Pinterest has a 12 month low of $17.39 and a 12 month high of $36.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 13.75 and a quick ratio of 13.75. The business’s 50-day moving average price is $18.86 and its 200-day moving average price is $25.30.
Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.16. The business had revenue of $279.70 million during the quarter, compared to analyst estimates of $282.09 million. Pinterest’s revenue was up 47.1% compared to the same quarter last year. Analysts predict that Pinterest will post -3.38 earnings per share for the current year.
In other news, CFO Todd R. Morgenfeld sold 65,833 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $17.98, for a total transaction of $1,183,677.34. Following the sale, the chief financial officer now directly owns 96,915 shares in the company, valued at approximately $1,742,531.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Christine Flores sold 9,375 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $20.65, for a total value of $193,593.75. Following the sale, the general counsel now owns 9,375 shares in the company, valued at $193,593.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 482,249 shares of company stock valued at $9,437,720.
A number of institutional investors have recently bought and sold shares of PINS. Vanguard Group Inc. acquired a new position in shares of Pinterest during the second quarter worth about $200,954,000. BlackRock Inc. acquired a new position in shares of Pinterest during the second quarter worth about $84,126,000. Putnam Investments LLC acquired a new position in shares of Pinterest during the second quarter worth about $83,971,000. Morgan Stanley acquired a new position in shares of Pinterest during the second quarter worth about $69,076,000. Finally, Eagle Asset Management Inc. acquired a new position in shares of Pinterest during the third quarter worth about $46,794,000. Hedge funds and other institutional investors own 21.65% of the company’s stock.
Pinterest Company Profile
Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.
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