Pinterest (NYSE:PINS) Cut to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Pinterest (NYSE:PINS – Free Report) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other equities analysts have also weighed in on the company. TD Cowen dropped their price objective on Pinterest from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Guggenheim dropped their price objective on Pinterest from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Evercore set a $25.00 price objective on Pinterest and gave the stock an “in-line” rating in a research note on Friday, February 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $35.00) on shares of Pinterest in a research note on Friday, February 13th. Finally, Benchmark dropped their price objective on Pinterest from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Pinterest has a consensus rating of “Hold” and a consensus target price of $25.43.

Check Out Our Latest Stock Analysis on PINS

Pinterest Stock Up 1.9%

Shares of PINS opened at $20.31 on Friday. The business has a 50-day simple moving average of $18.56 and a two-hundred day simple moving average of $23.77. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 1.34 and a beta of 0.88. Pinterest has a 52 week low of $13.84 and a 52 week high of $39.93.

Pinterest (NYSE:PINS – Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. On average, equities analysts anticipate that Pinterest will post 0.64 earnings per share for the current fiscal year.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the transaction, the director owned 27,450 shares of the company’s stock, valued at $549,000. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Malik Ducard sold 2,293 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total value of $50,583.58. Following the transaction, the insider directly owned 695,187 shares of the company’s stock, valued at approximately $15,335,825.22. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,443 shares of company stock valued at $113,584. Corporate insiders own 8.09% of the company’s stock.

Hedge Funds Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PINS. Elevated Capital Advisors LLC bought a new position in Pinterest during the fourth quarter valued at approximately $26,000. N.E.W. Advisory Services LLC boosted its stake in Pinterest by 505.7% during the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after buying an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after buying an additional 883 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after buying an additional 1,049 shares during the last quarter. Finally, Addison Advisors LLC boosted its stake in Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

About Pinterest

(Get Free Report)

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

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