Pinterest’s (PINS) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Pinterest (NYSE:PINS) in a research report released on Friday,Benzinga reports. Stifel Nicolaus currently has a $50.00 price target on the stock, up from their previous price target of $45.00.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $48.00 price objective on shares of Pinterest in a research note on Tuesday, December 10th. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $47.00 in a research report on Friday. Morgan Stanley raised their price objective on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Monness Crespi & Hardt raised shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. decreased their price target on Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and an average price target of $43.86.

Pinterest Trading Up 19.1 %

PINS opened at $40.02 on Friday. The firm’s 50 day simple moving average is $31.23 and its two-hundred day simple moving average is $31.57. The company has a market capitalization of $27.04 billion, a PE ratio of 133.39, a PEG ratio of 1.68 and a beta of 1.06. Pinterest has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.37% and a net margin of 6.21%. Equities analysts forecast that Pinterest will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total transaction of $35,627.00. Following the transaction, the director now directly owns 31,386 shares in the company, valued at approximately $972,338.28. This represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the sale, the chief accounting officer now directly owns 158,468 shares in the company, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,157 shares of company stock valued at $589,131. 7.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pinterest

Hedge funds have recently bought and sold shares of the business. Whipplewood Advisors LLC bought a new stake in shares of Pinterest during the fourth quarter worth $28,000. GAMMA Investing LLC increased its stake in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after buying an additional 415 shares during the period. V Square Quantitative Management LLC bought a new stake in Pinterest during the 3rd quarter valued at about $37,000. Crewe Advisors LLC boosted its position in Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after buying an additional 550 shares during the period. Finally, True Wealth Design LLC grew its stake in Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after acquiring an additional 1,487 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.