Pinterest (NYSE:PINS) Stock Price Expected to Rise, Barclays Analyst Says

Pinterest (NYSE:PINS) had its price objective boosted by research analysts at Barclays from $36.00 to $42.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 4.96% from the stock’s current price.

PINS has been the topic of a number of other reports. Cantor Fitzgerald increased their price target on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday. Guggenheim increased their price target on shares of Pinterest from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley increased their price target on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, TD Cowen started coverage on shares of Pinterest in a report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and an average target price of $43.86.

Pinterest Price Performance

NYSE PINS traded up $6.43 on Friday, reaching $40.02. 50,839,078 shares of the company’s stock traded hands, compared to its average volume of 12,340,221. Pinterest has a 12 month low of $27.00 and a 12 month high of $45.19. The stock has a 50-day simple moving average of $31.23 and a 200 day simple moving average of $31.57. The stock has a market cap of $27.04 billion, a PE ratio of 133.39, a P/E/G ratio of 1.68 and a beta of 1.06.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 EPS 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%. As a group, analysts anticipate that Pinterest will post 0.42 EPS for the current year.

Insider Buying and Selling at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value 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. This represents a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $30.98, for a total transaction of $35,627.00. Following the completion of the sale, the director now directly owns 31,386 shares of the company’s stock, valued at $972,338.28. This represents a 3.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,157 shares of company stock worth $589,131. Company insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Institutional investors have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC purchased a new stake in Pinterest during the 4th quarter valued at approximately $28,000. GAMMA Investing LLC boosted its position 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 acquiring an additional 415 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Pinterest during the 3rd quarter valued at approximately $37,000. Crewe Advisors LLC boosted its position in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after acquiring an additional 550 shares during the last quarter. Finally, True Wealth Design LLC lifted its position in Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after buying an additional 1,487 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

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.