Pinterest, Inc. ( NYSE:PINS – Get Free Report ) shares passed above its 200-day moving average during trading on Wednesday after an insider bought additional shares in the company. The stock has a 200-day moving average of $20.69 and traded as high as $21.60. Pinterest shares last traded at $21.2070, with a volume of 14,688,300 shares.
Analyst Ratings Changes
Several research firms recently commented on PINS. Phillip Securities upgraded Pinterest to a “strong-buy” rating in a research note on Monday, October 19th. Wedbush decreased their price target on Pinterest from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, October 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $22.00 price objective on shares of Pinterest in a research report on Friday, October 30th. Zacks Research downgraded Pinterest from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Finally, Citigroup cut their price objective on Pinterest from $27.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seventeen have...