KeyCorp began coverage on shares of Pinterest (NYSE:PINS) in a research report report published on Monday morning, Benzinga reports. The brokerage issued an overweight rating and a $44.00 price objective on the stock.
PINS has been the topic of a number of other research reports. Robert W. Baird upped their price target on Pinterest from $35.00 to $41.00 and gave the company an outperform rating in a research report on Wednesday, September 2nd. UBS Group upgraded Pinterest from a neutral rating to a buy rating and upped their target price for the company from $23.00 to $42.00 in a research report on Friday, July 31st. Barclays restated a neutral rating on shares of Pinterest in a research report on Sunday, August 2nd. Goldman Sachs Group upped their target price on Pinterest from $17.00 to $26.00 and gave the company a neutral rating in a research report on Monday, July 20th. They noted that the move was a valuation call. Finally, Wedbush upped their target price on Pinterest from $31.00 to $39.00 and gave the company an outperform rating in a research report on Monday, August 3rd. Fourteen investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $32.10.
NYSE PINS opened at $37.13 on Monday. The business’s 50-day moving average price is $34.45 and its two-hundred day moving average price is $23.34. Pinterest has a 12 month low of $10.10 and a 12 month high of $39.64. The firm has a market capitalization of $22.30 billion, a PE ratio of -52.30 and a beta of 1.88. The company has a current ratio of 11.75, a quick ratio of 11.75 and a debt-to-equity ratio of 0.08.
Pinterest (NYSE:PINS) last released its quarterly earnings results on Friday, July 31st. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.24. Pinterest had a negative return on equity of 20.50% and a negative net margin of 32.88%. The firm had revenue of $272.30 million for the quarter, compared to analyst estimates of $254.79 million. During the same quarter in the previous year, the company posted ($0.06) EPS. The business’s revenue was up 4.2% on a year-over-year basis. As a group, analysts forecast that Pinterest will post -0.53 earnings per share for the current fiscal year.
In other news, insider Evan Sharp sold 62,500 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $24.98, for a total value of $1,561,250.00. Following the completion of the sale, the insider now directly owns 62,500 shares in the company, valued at approximately $1,561,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tseli Lily Yang sold 2,309 shares of the company’s stock in a transaction on Friday, June 19th. The stock was sold at an average price of $24.00, for a total value of $55,416.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,071,895 shares of company stock valued at $69,045,560.
Several large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Pinterest by 132.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,036 shares of the company’s stock valued at $1,752,000 after acquiring an additional 45,102 shares in the last quarter. O Shares Investment Advisers LLC increased its stake in shares of Pinterest by 275.1% in the second quarter. O Shares Investment Advisers LLC now owns 148,649 shares of the company’s stock worth $3,296,000 after buying an additional 109,021 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Pinterest in the second quarter worth $1,770,000. US Bancorp DE increased its stake in shares of Pinterest by 148.0% in the first quarter. US Bancorp DE now owns 5,575 shares of the company’s stock worth $87,000 after buying an additional 3,327 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Pinterest by 19.6% in the first quarter. BlackRock Inc. now owns 6,597,607 shares of the company’s stock worth $101,865,000 after buying an additional 1,081,959 shares during the last quarter. Hedge funds and other institutional investors own 54.51% 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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