Pinterest (NYSE:PINS) Price Target Raised to $46.00 at BMO Capital Markets

Pinterest (NYSE:PINS) had its price target lifted by BMO Capital Markets from $45.00 to $46.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Argus upgraded shares of Pinterest from a hold rating to a buy rating and set a $45.00 price objective for the company in a report on Thursday, January 18th. Roth Mkm boosted their price target on shares of Pinterest from $38.00 to $40.00 and gave the stock a neutral rating in a research note on Wednesday. Susquehanna raised their price objective on Pinterest from $35.00 to $45.00 and gave the company a positive rating in a research note on Friday, February 9th. Evercore ISI lifted their price objective on Pinterest from $45.00 to $50.00 and gave the stock an outperform rating in a report on Friday, January 26th. Finally, Stifel Nicolaus increased their target price on Pinterest from $42.00 to $46.00 and gave the company a buy rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $40.82.

Pinterest Stock Up 20.8 %

NYSE PINS opened at $40.40 on Wednesday. The stock’s 50-day simple moving average is $34.60 and its two-hundred day simple moving average is $34.40. Pinterest has a twelve month low of $20.60 and a twelve month high of $41.60. The company has a market capitalization of $27.43 billion, a price-to-earnings ratio of 192.39, a PEG ratio of 4.58 and a beta of 0.99.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $981.26 million for the quarter, compared to analysts’ expectations of $988.62 million. Pinterest had a return on equity of 6.08% and a net margin of 4.64%. On average, equities analysts expect that Pinterest will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey D. Jordan sold 20,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $35.08, for a total value of $701,600.00. Following the completion of the sale, the director now directly owns 34,215 shares in the company, valued at $1,200,262.20. The disclosure for this sale can be found here. Insiders sold a total of 164,471 shares of company stock valued at $5,773,431 over the last three months. Corporate insiders own 7.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Resonant Capital Advisors LLC purchased a new stake in Pinterest in the first quarter worth about $371,000. 1834 Investment Advisors Co. lifted its holdings in shares of Pinterest by 29.2% during the first quarter. 1834 Investment Advisors Co. now owns 16,442 shares of the company’s stock valued at $570,000 after purchasing an additional 3,714 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Pinterest by 7.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 59,678 shares of the company’s stock worth $2,069,000 after purchasing an additional 4,237 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Pinterest in the 1st quarter worth approximately $1,516,000. Finally, TFC Financial Management Inc. increased its position in Pinterest by 33.5% during the 1st quarter. TFC Financial Management Inc. now owns 5,170 shares of the company’s stock valued at $179,000 after buying an additional 1,297 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

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.