1 week Ago By ABMN Staff
Pinterest ( NYSE:PINS – Free Report ) had its target price decreased by Piper Sandler from $41.00 to $34.00 in a research note issued to investors on Thursday, Benzinga reports.
Piper Sandler currently has a neutral rating on the stock. Several other equities research analysts have also recently commented on PINS. Raymond James cut Pinterest from an “overweight” rating to a “market perform” rating in a research note on Monday, April 7th.
TD Cowen dropped their price target on shares of Pinterest from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th.
Barclays lifted their price objective on shares of Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th.
Stifel Nicolaus restated a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Pinterest in a report on Friday, February 7th.
Finally, KeyCorp reduced their price target on Pinterest from $41.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday.
Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.23.
View Our Latest Stock Analysis on Pinterest Pinterest Price Performance Pinterest ( NYSE:PINS – Get Free Report ) last issued its quarterly earnings results 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 return on equity of 8.
10% and a net margin of 51.07%. As a group, sell-side analysts expect that Pinterest will post 0.
6 earnings per share for the current year. Insider Transactions at Pinterest In other news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $31.
16, for a total transaction of $3,180,906.28. Following the completion of the sale, the director now directly owns 6,274 shares in the company, valued at approximately $195,497.
84. This represents a 94.21 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.
19, for a total value of $45,068.50. Following the completion of the sale, the director now owns 29,086 shares of the company’s stock, valued at approximately $1,139,880.
34. This trade represents a 3.80 % decrease in their position.
The disclosure for this sale can be found here . In the last ninety days, insiders sold 453,836 shares of company stock worth $14,832,336. 7.
11% of the stock is currently owned by insiders. Institutional Trading of Pinterest Several large investors have recently bought and sold shares of PINS. Whipplewood Advisors LLC bought a new position in Pinterest during the 4th quarter valued at approximately $28,000.
GAMMA Investing LLC increased its holdings in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares in the last quarter.
NBC Securities Inc. raised its position in shares of Pinterest by 99,900.0% in the 1st quarter.
NBC Securities Inc. now owns 1,000 shares of the company’s stock worth $31,000 after purchasing an additional 999 shares during the last quarter. American National Bank & Trust bought a new position in Pinterest in the 1st quarter worth about $32,000.
Finally, Strategic Investment Solutions Inc. IL grew its position in Pinterest by 401.3% during the 4th quarter.
Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock valued at $44,000 after purchasing an additional 1,204 shares during the last quarter. 88.
81% of the stock is owned by institutional investors. About Pinterest ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter .
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