Pinterest (PINS) Research Coverage Started at Rosenblatt Securities

Stock analysts at Rosenblatt Securities started coverage on shares of Pinterest (NASDAQ:PINS) in a research report issued to clients and investors on Wednesday, May 8th, Marketbeat reports. The brokerage set a “neutral” rating and a $32.00 price target on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 28.41% from the company’s current price.

A number of other analysts have also recently commented on PINS. Atlantic Securities initiated coverage on Pinterest in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $23.00 price objective for the company. DA Davidson initiated coverage on Pinterest in a research report on Monday, April 15th. They issued a “neutral” rating for the company. Finally, Susquehanna Bancshares assumed coverage on Pinterest in a research report on Monday, May 6th. They issued a “neutral” rating and a $35.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $29.75.

Shares of NASDAQ:PINS opened at $24.92 on Wednesday. Pinterest has a 12-month low of $23.05 and a 12-month high of $35.29.

Pinterest (NASDAQ:PINS) last posted its quarterly earnings data on Thursday, May 16th. The company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.21). The firm had revenue of $201.90 million during the quarter, compared to analyst estimates of $200.64 million. Pinterest’s revenue was up 54.1% compared to the same quarter last year.

In related news, Director Fredric G. Reynolds bought 40,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was bought at an average cost of $27.04 per share, for a total transaction of $1,081,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Pinterest Company Profile

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Analyst Recommendations for Pinterest (NASDAQ:PINS)

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