Roth Mkm Lowers Pinterest (NYSE:PINS) Price Target to $33.00

Pinterest (NYSE:PINS) had its price target lowered by equities research analysts at Roth Mkm from $39.00 to $33.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Roth Mkm’s target price points to a potential upside of 13.09% from the company’s current price.

A number of other equities research analysts have also commented on PINS. Wells Fargo & Company dropped their price target on Pinterest from $49.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. KeyCorp raised their target price on shares of Pinterest from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus reduced their price target on shares of Pinterest from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Evercore ISI dropped their price objective on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Citigroup cut their price objective on shares of Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $42.22.

Pinterest Stock Down 14.0 %

PINS opened at $29.18 on Friday. The company has a fifty day simple moving average of $31.82 and a 200 day simple moving average of $36.33. The stock has a market cap of $20.02 billion, a P/E ratio of 97.27, a P/E/G ratio of 2.60 and a beta of 1.02. Pinterest has a 12 month low of $27.00 and a 12 month high of $45.19.

Insider Activity at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the transaction, the director now owns 33,686 shares in the company, valued at $1,129,154.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the completion of the sale, the director now owns 33,686 shares of the company’s stock, valued at approximately $1,129,154.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the transaction, the chief financial officer now directly owns 297,351 shares in the company, valued at approximately $9,729,324.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Pinterest

A number of large investors have recently added to or reduced their stakes in the stock. Brown Shipley& Co Ltd acquired a new position in Pinterest in the 2nd quarter valued at $25,000. Wellington Shields Capital Management LLC bought a new position in shares of Pinterest in the second quarter worth $26,000. Hexagon Capital Partners LLC increased its position in shares of Pinterest by 157.7% in the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after purchasing an additional 459 shares during the period. GAMMA Investing LLC raised its stake in Pinterest by 113.4% in the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in Pinterest during the second quarter worth about $35,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

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.