Pinterest (PINS) – Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Pinterest (NYSE: PINS):

• 11/26/2024 – Pinterest is now covered by analysts at TD Cowen. They set a “buy” rating and a $38.00 price target on the stock.
• 11/11/2024 – Pinterest was upgraded by analysts at Wedbush from a “hold” rating to a “strong-buy” rating.
• 11/11/2024 – Pinterest had its price target lowered by analysts at KeyCorp from $45.00 to $39.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Pinterest had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $41.00 price target on the stock, down previously from $45.00.
• 11/8/2024 – Pinterest had its price target lowered by analysts at Raymond James from $40.00 to $34.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Pinterest had its price target lowered by analysts at Oppenheimer Holdings Inc. from $45.00 to $40.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Pinterest had its price target lowered by analysts at Robert W. Baird from $41.00 to $36.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Pinterest had its price target lowered by analysts at Roth Mkm from $39.00 to $33.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Pinterest had its price target lowered by analysts at JPMorgan Chase & Co. from $38.00 to $35.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Pinterest had its price target raised by analysts at Wedbush from $37.00 to $38.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Pinterest had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 11/8/2024 – Pinterest had its price target lowered by analysts at Rosenblatt Securities from $48.00 to $46.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Pinterest had its price target lowered by analysts at UBS Group AG from $52.00 to $46.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Pinterest had its price target raised by analysts at KeyCorp from $43.00 to $45.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – Pinterest had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $41.00 price target on the stock.
• 9/30/2024 – Pinterest had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $41.00 price target on the stock.

Pinterest Stock Down 2.2 %

PINS traded down $0.69 during trading hours on Wednesday, hitting $30.31. The stock had a trading volume of 3,967,945 shares, compared to its average volume of 9,635,204. The stock has a market cap of $20.48 billion, a PE ratio of 101.03, a price-to-earnings-growth ratio of 2.19 and a beta of 1.02. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The company’s fifty day simple moving average is $31.80 and its 200 day simple moving average is $35.59.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the completion of the transaction, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the transaction, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. The trade was a 9.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,580 shares of company stock valued at $1,063,499 in the last quarter. 7.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pinterest

Several hedge funds have recently made changes to their positions in PINS. Brown Shipley& Co Ltd bought a new stake in shares of Pinterest during the second quarter valued at approximately $25,000. Wellington Shields Capital Management LLC bought a new stake in Pinterest during the second quarter worth about $26,000. Hexagon Capital Partners LLC grew its holdings in Pinterest by 157.7% in the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after purchasing an additional 459 shares during the period. GAMMA Investing LLC increased its stake in shares of Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Pinterest during the second quarter valued at approximately $35,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

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.