Pinterest (NYSE:PINS) Upgraded at UBS Group

Pinterest (NYSE:PINS) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Friday, The Fly reports. The brokerage currently has a $42.00 price objective on the stock. UBS Group’s price target would suggest a potential upside of 22.48% from the stock’s current price.

A number of other research firms also recently weighed in on PINS. Barclays raised their price target on Pinterest from $20.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, July 13th. Wedbush lifted their target price on Pinterest from $26.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Credit Suisse Group raised their price target on shares of Pinterest from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Deutsche Bank raised their price objective on shares of Pinterest from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Argus lowered shares of Pinterest from a “buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.27.

PINS stock traded up $9.10 during trading on Friday, reaching $34.29. 111,863,722 shares of the stock were exchanged, compared to its average volume of 10,902,758. The company has a market capitalization of $20.11 billion, a P/E ratio of -10.85 and a beta of 1.56. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.08. Pinterest has a twelve month low of $10.10 and a twelve month high of $36.83. The stock has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $20.41.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Friday, July 31st. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.24. The business had revenue of $272.30 million during the quarter, compared to analyst estimates of $254.79 million. Pinterest had a negative net margin of 120.48% and a negative return on equity of 73.06%. Pinterest’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. Equities analysts predict that Pinterest will post -0.76 EPS for the current year.

In other Pinterest news, CEO Benjamin Silbermann sold 199,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $20.26, for a total value of $4,041,870.00. Following the transaction, the chief executive officer now directly owns 66,500 shares in the company, valued at approximately $1,347,290. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Todd R. Morgenfeld sold 36,233 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.59, for a total transaction of $673,571.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 983,025 shares of company stock valued at $21,910,436.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC boosted its stake in shares of Pinterest by 152.2% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,135 shares of the company’s stock valued at $25,000 after buying an additional 685 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in shares of Pinterest during the 2nd quarter worth $26,000. Column Capital Advisors LLC acquired a new position in shares of Pinterest during the 1st quarter worth $31,000. Credit Agricole S A acquired a new position in shares of Pinterest during the 1st quarter worth $31,000. Finally, Synovus Financial Corp bought a new stake in Pinterest during the first quarter valued at about $37,000. 46.20% of the stock is owned by hedge funds and other institutional investors.

Pinterest Company Profile

Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.

Featured Article: What is the accumulation/distribution indicator?

The Fly

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.