KeyCorp Cuts Pinterest (NYSE:PINS) Price Target to $39.00

Pinterest (NYSE:PINS) had its price objective reduced by KeyCorp from $45.00 to $39.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

PINS has been the topic of a number of other research reports. Oppenheimer lowered their price target on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Robert W. Baird decreased their price objective on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Roth Mkm dropped their target price on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Evercore ISI reduced their price target on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $41.00 price objective on shares of Pinterest in a report on Monday, October 7th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.00.

Pinterest Price Performance

Shares of NYSE:PINS opened at $29.98 on Monday. The company’s fifty day moving average price is $31.76 and its 200-day moving average price is $36.27. The firm has a market capitalization of $20.57 billion, a price-to-earnings ratio of 99.93, a PEG ratio of 2.34 and a beta of 1.02. Pinterest has a one year low of $27.00 and a one year high of $45.19.

Insider Activity

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

Institutional Investors Weigh In On Pinterest

Institutional investors have recently made changes to their positions in the company. Brown Shipley& Co Ltd bought a new position in Pinterest in the 2nd quarter valued at approximately $25,000. Wellington Shields Capital Management LLC purchased a new position in shares of Pinterest in the second quarter worth $26,000. Hexagon Capital Partners LLC lifted its holdings in shares of Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after purchasing an additional 459 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after buying an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Pinterest in the 2nd quarter worth about $35,000. Hedge funds and other institutional investors 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.