Pinterest (PINS) Coverage Initiated at Deutsche Bank

Stock analysts at Deutsche Bank assumed coverage on shares of Pinterest (NASDAQ:PINS) in a report released on Monday, The Fly reports. The brokerage set a “hold” rating and a $26.00 price target on the stock. Deutsche Bank’s target price suggests a potential downside of 2.62% from the company’s current price.

PINS has been the topic of a number of other research reports. UBS Group initiated coverage on Pinterest in a research note on Monday. They issued a “neutral” rating and a $31.00 price objective on the stock. Susquehanna Bancshares initiated coverage on Pinterest in a research note on Monday, May 6th. They issued a “neutral” rating and a $35.00 price objective on the stock. Nomura initiated coverage on Pinterest in a research note on Friday, May 10th. They issued a “buy” rating and a $34.00 price objective on the stock. Rosenblatt Securities initiated coverage on Pinterest in a research note on Wednesday, May 8th. They issued a “neutral” rating and a $32.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Pinterest in a research note on Monday. They issued a “neutral” rating and a $32.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $30.29.

NASDAQ PINS traded down $4.16 during trading hours on Monday, reaching $26.70. The company’s stock had a trading volume of 26,124,661 shares, compared to its average volume of 14,008,495. Pinterest has a 1 year low of $23.05 and a 1 year high of $35.29.



Pinterest (NASDAQ:PINS) last released its quarterly earnings data on Thursday, May 16th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.21). The business had revenue of $201.90 million during the quarter, compared to analyst estimates of $200.64 million. The business’s quarterly revenue was up 54.1% on a year-over-year basis.

In related news, Director Fredric G. Reynolds bought 40,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were purchased at an average price of $27.04 per share, with a total value of $1,081,600.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

About Pinterest

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