Pinterest (NYSE:PINS) Earns “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Pinterest (NYSE:PINS) in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage currently has a $32.00 target price on the stock, down from their previous target price of $40.00.

A number of other equities research analysts also recently commented on the stock. Rosenblatt Securities lowered their price target on shares of Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 price target on shares of Pinterest in a report on Tuesday, December 10th. Roth Mkm decreased their price objective on Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Oppenheimer dropped their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Pinterest in a research note on Monday, September 23rd. They issued a “buy” rating and a $43.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and a consensus target price of $40.86.

Pinterest Stock Up 2.9 %

Shares of NYSE:PINS opened at $30.65 on Monday. The company has a market capitalization of $20.71 billion, a P/E ratio of 102.17, a P/E/G ratio of 1.52 and a beta of 1.04. Pinterest has a 52-week low of $27.00 and a 52-week high of $45.19. The stock’s fifty day simple moving average is $30.46 and its 200-day simple moving average is $32.58.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total transaction of $34,189.50. Following the sale, the director now owns 32,536 shares in the company, valued at $967,295.28. This represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total value of $118,733.60. Following the completion of the transaction, the chief accounting officer now owns 158,468 shares of the company’s stock, valued at approximately $4,893,491.84. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,007 shares of company stock worth $554,137 over the last ninety days. 7.11% of the stock is owned by insiders.

Institutional Trading of Pinterest

Several hedge funds have recently made changes to their positions in PINS. Brown Shipley& Co Ltd bought a new stake in Pinterest in the second quarter valued at $25,000. GAMMA Investing LLC increased its holdings in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after acquiring an additional 415 shares during the period. V Square Quantitative Management LLC bought a new stake in Pinterest in the 3rd quarter valued at about $37,000. Crewe Advisors LLC boosted its stake in Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after purchasing an additional 550 shares during the period. Finally, True Wealth Design LLC grew its position in Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after purchasing an additional 1,487 shares during the last quarter. 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.