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

Pinterest (NYSE:PINS) had its price target decreased by Roth Mkm from $40.00 to $39.00 in a report published on Wednesday morning, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Wolfe Research assumed coverage on Pinterest in a research note on Tuesday, July 16th. They set a peer perform rating on the stock. Loop Capital upped their price target on shares of Pinterest from $43.00 to $49.00 and gave the stock a buy rating in a research report on Monday, May 6th. Citigroup lowered their price objective on shares of Pinterest from $51.00 to $44.00 and set a buy rating on the stock in a research note on Wednesday. Robert W. Baird cut their target price on shares of Pinterest from $44.00 to $41.00 and set an outperform rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price target on Pinterest from $44.00 to $50.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, Pinterest has an average rating of Moderate Buy and an average target price of $42.71.

Pinterest Trading Down 6.9 %

Shares of PINS opened at $29.10 on Wednesday. The stock has a market capitalization of $19.88 billion, a price-to-earnings ratio of 138.58, a PEG ratio of 3.13 and a beta of 0.97. Pinterest has a 12 month low of $23.59 and a 12 month high of $45.19. The firm has a fifty day simple moving average of $41.47 and a 200 day simple moving average of $38.39.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $853.68 million during the quarter, compared to the consensus estimate of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. As a group, research analysts predict that Pinterest will post 0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $42.25, for a total value of $81,711.50. Following the sale, the director now directly owns 29,712 shares of the company’s stock, valued at $1,255,332. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the completion of the transaction, the chief financial officer now directly owns 362,822 shares in the company, valued at approximately $16,102,040.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $42.25, for a total transaction of $81,711.50. Following the completion of the transaction, the director now directly owns 29,712 shares of the company’s stock, valued at approximately $1,255,332. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,250 shares of company stock valued at $2,191,304. 7.11% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in Pinterest in the fourth quarter valued at about $27,000. Rakuten Securities Inc. acquired a new position in shares of Pinterest in the fourth quarter valued at approximately $30,000. Hexagon Capital Partners LLC raised its holdings in Pinterest by 157.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after buying an additional 459 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Pinterest during the 2nd quarter worth approximately $35,000. Finally, Quent Capital LLC grew its holdings in Pinterest by 71.2% during the 1st quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock worth $38,000 after acquiring an additional 460 shares during the last quarter. 88.81% of the stock is currently owned by 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.