Pinterest (NYSE:PINS) Price Target Lowered to $52.00 at UBS Group

Pinterest (NYSE:PINS) had its target price lowered by investment analysts at UBS Group from $57.00 to $52.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 61.24% from the stock’s current price.

Several other research firms have also commented on PINS. BMO Capital Markets boosted their price objective on shares of Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Susquehanna dropped their price target on Pinterest from $50.00 to $45.00 and set a “positive” rating on the stock in a research report on Wednesday. Stifel Nicolaus raised their price objective on Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Barclays lowered their price objective on Pinterest from $38.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Morgan Stanley increased their target price on Pinterest from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.22.

Pinterest Trading Down 13.7 %

NYSE PINS traded down $5.10 during trading on Wednesday, hitting $32.25. The company had a trading volume of 22,034,598 shares, compared to its average volume of 9,381,736. The company’s fifty day moving average is $42.11 and its 200-day moving average is $38.53. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 154.29, a price-to-earnings-growth ratio of 3.65 and a beta of 0.97. Pinterest has a one year low of $23.59 and a one year high of $45.19.

Pinterest (NYSE:PINS) last released its earnings results on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $853.68 million during the quarter, compared to analysts’ expectations of $848.75 million. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. As a group, equities analysts anticipate that Pinterest will post 0.44 EPS for the current year.

Insider Buying and Selling at Pinterest

In other news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $42.25, for a total transaction of $81,711.50. Following the transaction, the director now owns 29,712 shares of the company’s stock, valued at approximately $1,255,332. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $42.25, for a total transaction of $81,711.50. Following the completion of the transaction, the director now directly owns 29,712 shares of the company’s stock, valued at $1,255,332. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the completion of the sale, the chief financial officer now directly owns 362,822 shares in the company, valued at approximately $16,102,040.36. The disclosure for this sale can be found here. Insiders have sold a total of 50,250 shares of company stock worth $2,191,304 over the last ninety days. Company insiders own 7.11% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Leibman Financial Services Inc. boosted its holdings in Pinterest by 0.9% during the 2nd quarter. Leibman Financial Services Inc. now owns 31,390 shares of the company’s stock valued at $1,383,000 after acquiring an additional 266 shares during the period. Legacy Capital Group California Inc. boosted its stake in shares of Pinterest by 1.7% during the fourth quarter. Legacy Capital Group California Inc. now owns 16,156 shares of the company’s stock valued at $598,000 after purchasing an additional 267 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Pinterest by 1.1% in the second quarter. Raymond James Trust N.A. now owns 30,012 shares of the company’s stock worth $1,323,000 after purchasing an additional 319 shares during the last quarter. Venture Visionary Partners LLC lifted its holdings in Pinterest by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock valued at $1,816,000 after buying an additional 324 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Pinterest by 40.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock valued at $48,000 after buying an additional 378 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

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.