Pinterest (NYSE:PINS) PT Lowered to $39.00 at Roth Mkm

Pinterest (NYSE:PINS) had its target price dropped by equities research analysts at Roth Mkm from $40.00 to $39.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Roth Mkm’s price objective would indicate a potential upside of 20.93% from the stock’s previous close.

PINS has been the subject of a number of other research reports. The Goldman Sachs Group lifted their price objective on Pinterest from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. BMO Capital Markets lifted their price target on Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Pinterest in a research report on Monday. Wolfe Research initiated coverage on shares of Pinterest in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Citigroup cut their price target on shares of Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.22.

Pinterest Trading Down 13.7 %

Pinterest stock traded down $5.10 on Wednesday, hitting $32.25. 22,034,598 shares of the stock traded hands, compared to its average volume of 9,381,736. Pinterest has a 1 year low of $23.59 and a 1 year high of $45.19. The firm has a market cap of $22.03 billion, a P/E ratio of 154.29, a price-to-earnings-growth ratio of 3.65 and a beta of 0.97. The business’s fifty day simple moving average is $42.11 and its 200 day simple moving average is $38.53.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The company had revenue of $853.68 million during the quarter, compared to analysts’ expectations of $848.75 million. During the same period last year, the company posted ($0.04) EPS. Pinterest’s revenue was up 20.6% on a year-over-year basis. As a group, analysts predict that Pinterest will post 0.44 earnings per share for the current year.

Insider Transactions at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,627 shares of Pinterest stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.42, for a total transaction of $481,590.34. Following the sale, the insider now owns 307,256 shares of the company’s stock, valued at approximately $12,726,543.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Wanjiku Juanita Walcott sold 11,627 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total transaction of $481,590.34. Following the completion of the transaction, the insider now directly owns 307,256 shares of the company’s stock, valued at $12,726,543.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the completion of the sale, the chief financial officer now owns 362,822 shares in the company, valued at approximately $16,102,040.36. The disclosure for this sale can be found here. Insiders sold a total of 50,250 shares of company stock valued at $2,191,304 over the last 90 days. Company insiders own 7.11% of the company’s stock.

Institutional Trading of Pinterest

A number of large investors have recently added to or reduced their stakes in PINS. GAMMA Investing LLC bought a new position in shares of Pinterest during the 4th quarter valued at approximately $27,000. Hexagon Capital Partners LLC boosted its holdings in shares of Pinterest by 157.7% in the 2nd 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. Rothschild Investment LLC purchased a new position in shares of Pinterest during the 2nd quarter worth about $35,000. Rakuten Securities Inc. bought a new position in Pinterest during the 4th quarter valued at about $30,000. Finally, International Assets Investment Management LLC bought a new position in Pinterest during the 2nd quarter valued at about $40,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

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.