Pinterest (NYSE:PINS) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Pinterest (NYSE:PINS) in a research note published on Monday morning, Benzinga reports. The firm currently has a $41.00 price objective on the stock.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Pinterest from $35.00 to $38.00 and gave the stock an equal weight rating in a research note on Tuesday, July 23rd. Barclays lowered their price target on Pinterest from $38.00 to $36.00 and set an equal weight rating for the company in a report on Wednesday, July 31st. Wolfe Research assumed coverage on Pinterest in a research report on Tuesday, July 16th. They issued a peer perform rating on the stock. KeyCorp decreased their target price on Pinterest from $45.00 to $43.00 and set an overweight rating for the company in a research report on Wednesday, July 31st. Finally, Evercore ISI dropped their target price on Pinterest from $50.00 to $48.00 and set an outperform rating on the stock in a report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $43.25.

Pinterest Stock Performance

Shares of PINS stock opened at $32.70 on Monday. The firm has a market capitalization of $22.34 billion, a price-to-earnings ratio of 155.71, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00. Pinterest has a one year low of $23.59 and a one year high of $45.19. The company has a 50 day moving average price of $31.85 and a 200 day moving average price of $36.63.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $853.68 million during the quarter, compared to the consensus estimate of $848.75 million. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share. As a group, equities analysts forecast that Pinterest will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PINS. Quadrant Capital Group LLC lifted its holdings in Pinterest by 40.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock worth $48,000 after acquiring an additional 378 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Pinterest by 17.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,451 shares of the company’s stock worth $572,000 after purchasing an additional 2,285 shares during the last quarter. Corient Private Wealth LLC boosted its position in Pinterest by 56.7% during the 4th quarter. Corient Private Wealth LLC now owns 96,380 shares of the company’s stock valued at $3,570,000 after purchasing an additional 34,876 shares during the period. US Bancorp DE grew its stake in Pinterest by 113.0% during the 4th quarter. US Bancorp DE now owns 26,081 shares of the company’s stock worth $966,000 after buying an additional 13,835 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in Pinterest by 14.9% in the fourth quarter. Advisory Services Network LLC now owns 15,365 shares of the company’s stock worth $569,000 after buying an additional 1,994 shares during the period. 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.