Roth Mkm Boosts Pinterest (NYSE:PINS) Price Target to $38.00

Pinterest (NYSE:PINSFree Report) had its target price lifted by Roth Mkm from $37.00 to $38.00 in a research report sent to investors on Friday, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

A number of other research analysts have also recently issued reports on the company. Rosenblatt Securities reissued a buy rating and set a $45.00 price objective on shares of Pinterest in a report on Friday. Argus upgraded Pinterest from a hold rating to a buy rating and set a $45.00 target price for the company in a research note on Thursday, January 18th. Morgan Stanley raised their target price on Pinterest from $24.00 to $25.00 and gave the company an equal weight rating in a research note on Tuesday, October 31st. Piper Sandler raised their target price on Pinterest from $37.00 to $40.00 and gave the company an overweight rating in a research note on Wednesday, November 29th. Finally, New Street Research assumed coverage on Pinterest in a research report on Monday, November 27th. They issued a buy rating and a $48.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $37.52.

Read Our Latest Research Report on PINS

Pinterest Stock Performance

Shares of NYSE PINS opened at $36.87 on Friday. The stock has a market cap of $24.86 billion, a PE ratio of -614.40, a PEG ratio of 3.78 and a beta of 1.02. The business has a fifty day moving average of $37.15 and a two-hundred day moving average of $31.29. Pinterest has a 52-week low of $20.60 and a 52-week high of $41.60.

Insider Activity at Pinterest

In other Pinterest news, insider Christine Deputy sold 22,459 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $37.27, for a total value of $837,046.93. Following the transaction, the insider now directly owns 222,881 shares in the company, valued at approximately $8,306,774.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Pinterest news, insider Christine Deputy sold 22,459 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $37.27, for a total value of $837,046.93. Following the transaction, the insider now directly owns 222,881 shares in the company, valued at approximately $8,306,774.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,410 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $32.28, for a total value of $368,314.80. Following the completion of the transaction, the insider now owns 216,326 shares of the company’s stock, valued at $6,983,003.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,737 shares of company stock worth $2,826,987. 6.85% of the stock is owned by company insiders.

Institutional Trading of Pinterest

Several institutional investors have recently added to or reduced their stakes in PINS. Legacy Capital Group California Inc. boosted its stake in shares of Pinterest by 1.7% in the 4th quarter. Legacy Capital Group California Inc. now owns 16,156 shares of the company’s stock worth $598,000 after buying an additional 267 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in shares of Pinterest by 0.7% in the fourth quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock worth $1,816,000 after purchasing an additional 324 shares during the last quarter. Washington Trust Advisors Inc. increased its holdings in shares of Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after purchasing an additional 326 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Pinterest by 0.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 45,922 shares of the company’s stock worth $1,701,000 after purchasing an additional 348 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Pinterest by 40.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock valued at $48,000 after purchasing an additional 378 shares during the last quarter. 72.63% of the stock is currently owned by hedge funds and other institutional investors.

About Pinterest

(Get Free Report)

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find ideas, such as recipes, home and style inspiration, and others; provides video, product, and idea pins; and offers organizing and planning tools. It shows organic recommendations and advertising engine based on pinners tastes and preferences; and enables pinners with shoppable product pins, which include price, color, and size that redirect to retailer websites.

Further Reading

Analyst Recommendations for Pinterest (NYSE:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.