Pinterest (NYSE:PINS) Price Target Raised to $48.00 at Cantor Fitzgerald

Pinterest (NYSE:PINS) had its target price lifted by analysts at Cantor Fitzgerald from $36.00 to $48.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 20.76% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. KeyCorp lifted their target price on Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday. UBS Group decreased their price target on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Roth Mkm lowered their target price on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Benchmark upgraded shares of 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. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.31.

Pinterest Trading Up 18.3 %

Pinterest stock traded up $6.16 on Friday, reaching $39.75. 40,175,108 shares of the stock were exchanged, compared to its average volume of 11,894,070. Pinterest has a twelve month low of $27.00 and a twelve month high of $45.19. The firm has a fifty day moving average price of $31.23 and a two-hundred day moving average price of $31.57. The stock has a market cap of $26.86 billion, a PE ratio of 131.84, a PEG ratio of 1.68 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 for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 6.21% and a return on equity of 8.37%. Equities analysts anticipate that Pinterest will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the transaction, the director now owns 32,536 shares in the company, valued at $967,295.28. This represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the sale, the insider now owns 246,921 shares in the company, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,157 shares of company stock valued at $589,131. Corporate insiders own 7.11% of the company’s stock.

Hedge Funds Weigh In On Pinterest

A number of large investors have recently bought and sold shares of PINS. Maverick Capital Ltd. raised its stake in shares of Pinterest by 47.6% during the 3rd quarter. Maverick Capital Ltd. now owns 57,180 shares of the company’s stock worth $1,851,000 after purchasing an additional 18,430 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Pinterest by 8.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company’s stock worth $49,855,000 after acquiring an additional 119,367 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Pinterest by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock valued at $27,326,000 after acquiring an additional 32,539 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Pinterest by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company’s stock valued at $137,669,000 after acquiring an additional 87,041 shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of Pinterest by 20.3% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company’s stock worth $13,087,000 after purchasing an additional 68,096 shares during the last quarter. Institutional investors and hedge funds 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.