Pinterest (NYSE:PINS) Price Target Raised to $46.00 at KeyCorp

Pinterest (NYSE:PINS) had its price objective lifted by KeyCorp from $37.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also recently commented on PINS. Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday. Rosenblatt Securities increased their target price on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen began coverage on Pinterest in a research report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective on the stock. Raymond James lowered their target price on shares of Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $48.00 price objective on shares of Pinterest in a report on Tuesday, December 10th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

Pinterest Trading Up 19.1 %

Shares of NYSE PINS opened at $40.02 on Friday. Pinterest has a 1-year low of $27.00 and a 1-year high of $45.19. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.72 and a beta of 1.06. The stock’s 50-day moving average is $31.23 and its 200 day moving average is $31.57.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 9.20%. On average, analysts forecast that Pinterest will post 0.59 EPS for the current fiscal year.

Insider Transactions at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the transaction, the insider now owns 246,921 shares in the company, valued at $7,610,105.22. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the sale, the director now directly owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,157 shares of company stock worth $589,131. Insiders own 7.11% of the company’s stock.

Hedge Funds Weigh In On Pinterest

A number of large investors have recently made changes to their positions in PINS. Whipplewood Advisors LLC purchased a new position in Pinterest during the 4th quarter worth $28,000. GAMMA Investing LLC raised its position in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Pinterest in the 3rd quarter worth approximately $37,000. Crewe Advisors LLC grew its position in Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after purchasing an additional 550 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after purchasing an additional 1,487 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

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.