Zacks Investment Research Lowers Pinterest (NASDAQ:PINS) to Sell

Zacks Investment Research lowered shares of Pinterest (NASDAQ:PINS) from a hold rating to a sell rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “Pinterest Inc. provides a visual discovery engine. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions and planning a wedding or a dream vacation. The company also provides Product Pins which make items shoppable with up-to-date pricing; Recipe Pins to cook a meal by bringing the relevant information; and Shop the Look, which enables pinners to shop for the individual products. Pinterest Inc. is based in San Francisco, California. “

Several other equities research analysts have also recently issued reports on the stock. Atlantic Securities assumed coverage on shares of Pinterest in a research report on Tuesday, April 9th. They set an overweight rating and a $23.00 price objective on the stock. Royal Bank of Canada lifted their price objective on shares of NVIDIA to $200.00 and gave the company an outperform rating in a research report on Monday, May 13th. Bank of America upgraded shares of Copa from a neutral rating to a buy rating in a research report on Monday, May 13th. Pivotal Research assumed coverage on shares of SRC Energy in a research report on Wednesday, May 29th. They set a buy rating and a $37.29 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Vermilion Energy from C$42.00 to C$43.00 in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $29.94.



Pinterest stock opened at $26.41 on Thursday. Pinterest has a 1 year low of $23.05 and a 1 year high of $35.29. The firm’s 50 day moving average is $26.69.

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 consensus estimate of ($0.11) by ($0.21). The firm had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $200.64 million. The company’s revenue was up 54.1% on a year-over-year basis.

In other Pinterest news, Director Fredric G. Reynolds purchased 40,000 shares of Pinterest stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average price of $27.04 per share, for a total transaction of $1,081,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

An institutional investor recently bought a new position in Pinterest stock. Zweig DiMenna Associates LLC purchased a new stake in Pinterest (NASDAQ:PINS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 166,633 shares of the company’s stock, valued at approximately $4,536,000.

Pinterest Company Profile

There is no company description available for Pinterest Inc

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Analyst Recommendations for Pinterest (NASDAQ:PINS)

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