Pinterest (NYSE:PINS) Rating Increased to Outperform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Pinterest (NYSE:PINS) from a market perform rating to an outperform rating in a research report report published on Friday, Marketbeat Ratings reports. They currently have $47.00 target price on the stock, up from their prior target price of $34.00.

A number of other analysts have also recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $38.00 price objective on shares of Pinterest in a research report on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $48.00 price target on shares of Pinterest in a research note on Tuesday, December 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Robert W. Baird decreased their target price on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, KeyCorp cut their price target on shares of Pinterest from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

Pinterest Price Performance

Pinterest stock opened at $40.02 on Friday. Pinterest has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The firm’s 50 day simple moving average is $31.23 and its 200-day simple moving average is $31.57. The company has a market cap of $27.04 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.06.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Pinterest will post 0.59 EPS for the current fiscal year.

Insider Activity

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the sale, the insider now directly owns 246,921 shares of the company’s stock, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total transaction of $34,189.50. Following the completion of the transaction, the director now directly owns 32,536 shares in the company, valued at $967,295.28. This trade represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,157 shares of company stock valued at $589,131 over the last three months. 7.11% of the stock is owned by insiders.

Institutional Trading of Pinterest

A number of large investors have recently made changes to their positions in PINS. Whipplewood Advisors LLC acquired a new position in Pinterest in the fourth quarter valued at about $28,000. GAMMA Investing LLC lifted its holdings in shares of Pinterest by 63.5% during 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 in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Pinterest in the 3rd quarter valued at approximately $37,000. Crewe Advisors LLC grew its position in shares of 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 purchasing an additional 550 shares during the period. Finally, True Wealth Design LLC increased its position in shares of Pinterest by 8,261.1% during the third 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.

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.