Pinterest (NASDAQ:PINS) PT Raised to $32.00

Pinterest (NASDAQ:PINS) had its price objective raised by UBS Group from $31.00 to $32.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on PINS. Royal Bank of Canada assumed coverage on Pinterest in a report on Monday, May 13th. They set a sector perform rating and a $28.00 target price for the company. Robert W. Baird assumed coverage on Pinterest in a report on Monday, May 13th. They set an outperform rating and a $36.00 target price for the company. Atlantic Securities assumed coverage on Pinterest in a report on Tuesday, April 9th. They set an overweight rating and a $23.00 target price for the company. Vertical Group assumed coverage on Pinterest in a report on Tuesday, July 2nd. They set a positive rating for the company. Finally, Barclays assumed coverage on Pinterest in a report on Monday, May 13th. They set an equal weight rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $31.82.

Shares of Pinterest stock traded down $1.01 during mid-day trading on Friday, reaching $32.56. 135,387 shares of the stock traded hands, compared to its average volume of 6,935,136. The company has a 50-day moving average price of $27.23. Pinterest has a fifty-two week low of $23.05 and a fifty-two week high of $35.29.

Pinterest (NASDAQ:PINS) last announced its earnings results on Thursday, August 1st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $261.20 million for the quarter, compared to analyst estimates of $237.23 million. Pinterest’s quarterly revenue was up 62.0% compared to the same quarter last year.

A number of institutional investors have recently modified their holdings of PINS. Quad Cities Investment Group LLC purchased a new position in Pinterest in the second quarter worth approximately $27,000. Steward Partners Investment Advisory LLC purchased a new position in Pinterest in the second quarter worth approximately $80,000. CenterStar Asset Management LLC purchased a new position in Pinterest in the second quarter worth approximately $91,000. SG Americas Securities LLC purchased a new position in Pinterest in the second quarter worth approximately $134,000. Finally, BNP Paribas Arbitrage SA purchased a new position in Pinterest in the second quarter worth approximately $216,000.

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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