Pinterest (NASDAQ:PINS) Receives $29.94 Average PT from Analysts

Shares of Pinterest (NASDAQ:PINS) have earned a consensus recommendation of “Hold” from the twenty-one research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.82.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Pinterest from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Susquehanna Bancshares assumed coverage on Pinterest in a research note on Monday, May 6th. They issued a “neutral” rating and a $35.00 target price for the company. Rosenblatt Securities assumed coverage on Pinterest in a research note on Wednesday, May 8th. They issued a “neutral” rating and a $32.00 target price for the company. Argus assumed coverage on Pinterest in a research note on Friday, May 10th. They issued a “hold” rating for the company. Finally, Vertical Group assumed coverage on Pinterest in a research note on Tuesday, July 2nd. They issued a “positive” rating for the company.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quad Cities Investment Group LLC acquired a new stake in Pinterest during the 2nd quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC acquired a new stake in Pinterest during the 2nd quarter valued at approximately $80,000. CenterStar Asset Management LLC acquired a new stake in Pinterest during the 2nd quarter valued at approximately $91,000. SG Americas Securities LLC acquired a new stake in Pinterest during the 2nd quarter valued at approximately $134,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in Pinterest during the 2nd quarter valued at approximately $216,000.

PINS stock opened at $33.57 on Wednesday. Pinterest has a 1 year low of $23.05 and a 1 year high of $35.29. The company has a 50-day moving average of $27.23.

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

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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