Pinterest’s (PINS) “Buy” Rating Reiterated at Stifel Nicolaus

Pinterest (NYSE:PINS)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued on Friday,Benzinga reports. They presently have a $50.00 price objective on the stock, up from their previous price objective of $45.00. Stifel Nicolaus’ price target would suggest a potential upside of 25.85% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Morgan Stanley boosted their target price on shares of Pinterest from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Guggenheim raised their price target on Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird dropped their target price on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. TD Cowen initiated coverage on Pinterest in a research note on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.55.

Pinterest Trading Up 18.3 %

PINS traded up $6.14 during trading on Friday, hitting $39.73. 27,502,480 shares of the company traded hands, compared to its average volume of 11,276,909. The stock’s 50-day simple moving average is $31.23 and its two-hundred day simple moving average is $31.57. Pinterest has a 1 year low of $27.00 and a 1 year high of $45.19. The company has a market cap of $26.85 billion, a PE ratio of 131.66, a P/E/G ratio of 1.68 and a beta of 1.06.

Pinterest (NYSE:PINS) last posted 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 6.21% and a return on equity of 8.37%. Equities analysts expect that Pinterest will post 0.42 EPS for the current year.

Insider Activity at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 in the company, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the sale, the director now directly owns 30,236 shares in the company, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock worth $589,131 in the last quarter. 7.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pinterest

A number of institutional investors have recently modified their holdings of PINS. Cetera Investment Advisers raised its position in shares of Pinterest by 8.8% during the 2nd quarter. Cetera Investment Advisers now owns 69,122 shares of the company’s stock valued at $3,046,000 after buying an additional 5,587 shares in the last quarter. CWM LLC lifted its holdings in Pinterest by 91.5% in the third quarter. CWM LLC now owns 66,685 shares of the company’s stock valued at $2,159,000 after acquiring an additional 31,863 shares during the period. Perpetual Ltd lifted its holdings in Pinterest by 218.4% in the 3rd quarter. Perpetual Ltd now owns 35,030 shares of the company’s stock worth $1,134,000 after purchasing an additional 24,028 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Pinterest by 500.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,200 shares of the company’s stock worth $136,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Pinterest by 52.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 12,295 shares of the company’s stock worth $398,000 after purchasing an additional 4,223 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

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.