Nomura Boosts Pinterest (NASDAQ:PINS) Price Target to $39.00

Pinterest (NASDAQ:PINS) had its price objective hoisted by Nomura from $34.00 to $39.00 in a report released on Friday morning, The Fly reports. Nomura currently has a buy rating on the stock.

PINS has been the subject of several other reports. Goldman Sachs Group started coverage on shares of Pinterest in a report on Monday, May 13th. They issued a neutral rating and a $25.00 price objective for the company. Deutsche Bank upgraded shares of Pinterest from a hold rating to a buy rating and increased their price objective for the company from $26.00 to $40.00 in a report on Friday. Credit Suisse Group started coverage on shares of Pinterest in a report on Monday, May 13th. They issued a neutral rating and a $28.00 price objective for the company. Barclays started coverage on shares of Pinterest in a report on Monday, May 13th. They issued an equal weight rating and a $28.00 price objective for the company. Finally, Atlantic Securities started coverage on shares of Pinterest in a report on Tuesday, April 9th. They issued an overweight rating and a $23.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Pinterest presently has an average rating of Hold and an average price target of $31.82.

Shares of Pinterest stock traded down $1.01 on Friday, hitting $32.56. The company had a trading volume of 135,387 shares, compared to its average volume of 6,935,136. The business has a 50-day simple moving average of $27.23. Pinterest has a 52 week low of $23.05 and a 52 week high of $35.29.

Pinterest (NASDAQ:PINS) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. The company had revenue of $261.20 million during the quarter, compared to the consensus estimate of $237.23 million. The company’s revenue was up 62.0% compared to the same quarter last year.

A number of large investors have recently modified their holdings of the stock. TimesSquare Capital Management LLC bought a new stake in Pinterest during the second quarter worth approximately $28,899,000. DekaBank Deutsche Girozentrale acquired a new position in Pinterest in the 2nd quarter worth approximately $15,412,000. Janus Henderson Group PLC acquired a new position in Pinterest in the 2nd quarter worth approximately $11,448,000. Zweig DiMenna Associates LLC acquired a new position in Pinterest in the 2nd quarter worth approximately $4,536,000. Finally, Avitas Wealth Management LLC acquired a new position in Pinterest in the 2nd quarter worth approximately $1,963,000.

Pinterest Company Profile

There is no company description available for Pinterest Inc

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Analyst Recommendations for Pinterest (NASDAQ:PINS)

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