Pinterest (NYSE:PINS) Insider Wanjiku Juanita Walcott Sells 27,337 Shares of Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock in a transaction on Friday, May 29th. The stock was sold at an average price of $20.46, for a total value of $559,315.02. Following the transaction, the insider directly owned 724,673 shares of the company’s stock, valued at $14,826,809.58. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Trading Down 2.3%

NYSE:PINS opened at $20.86 on Wednesday. The company has a market capitalization of $11.69 billion, a PE ratio of 43.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.92. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93. The stock has a fifty day simple moving average of $19.45 and a 200-day simple moving average of $21.89.

Pinterest (NYSE:PINS) last announced its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities research analysts expect that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on PINS shares. Benchmark cut their target price on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Sanford C. Bernstein reissued an “outperform” rating and issued a $20.00 target price on shares of Pinterest in a research note on Friday, February 13th. Rothschild & Co Redburn set a $23.00 target price on shares of Pinterest and gave the company a “neutral” rating in a research note on Monday, April 27th. KeyCorp cut their target price on shares of Pinterest from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Finally, Stifel Nicolaus boosted their target price on shares of Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.40.

Institutional Trading of Pinterest

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elevated Capital Advisors LLC purchased a new stake in Pinterest in the 4th quarter valued at about $26,000. Atlantic Union Bankshares Corp grew its holdings in Pinterest by 3,839.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after buying an additional 883 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after buying an additional 1,049 shares during the period. Addison Advisors LLC grew its holdings in Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares during the period. Finally, Garner Asset Management Corp purchased a new stake in Pinterest in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.