Pinterest (NYSE:PINS) Insider Sells $50,583.58 in Stock

Pinterest, Inc. (NYSE:PINSGet Free Report) insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $22.06, for a total value of $50,583.58. Following the completion of the transaction, the insider directly owned 695,187 shares in the company, valued at $15,335,825.22. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Malik Ducard also recently made the following trade(s):

  • On Friday, January 2nd, Malik Ducard sold 2,293 shares of Pinterest stock. The stock was sold at an average price of $26.18, for a total value of $60,030.74.
  • On Wednesday, December 24th, Malik Ducard sold 6,000 shares of Pinterest stock. The shares were sold at an average price of $25.86, for a total value of $155,160.00.

Pinterest Trading Down 2.7%

Shares of NYSE PINS opened at $19.33 on Friday. Pinterest, Inc. has a 1-year low of $19.20 and a 1-year high of $40.90. The company has a 50-day moving average of $25.64 and a two-hundred day moving average of $30.78. The company has a market cap of $13.06 billion, a PE ratio of 6.71, a P/E/G ratio of 0.91 and a beta of 0.92.

Pinterest (NYSE:PINSGet Free Report) last released its earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the business posted $0.40 earnings per share. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on PINS shares. The Goldman Sachs Group dropped their target price on Pinterest from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Evercore ISI reaffirmed an “outperform” rating on shares of Pinterest in a report on Tuesday, January 27th. Monness Crespi & Hardt lowered shares of Pinterest from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 5th. Cantor Fitzgerald decreased their target price on shares of Pinterest from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pinterest in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.13.

Get Our Latest Analysis on PINS

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

Institutional Trading of Pinterest

A number of hedge funds have recently made changes to their positions in PINS. Golden State Wealth Management LLC lifted its holdings in shares of Pinterest by 282.7% during the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after purchasing an additional 506 shares during the period. N.E.W. Advisory Services LLC grew its position in shares of Pinterest by 505.7% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after buying an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after acquiring an additional 883 shares during the last quarter. Elevated Capital Advisors LLC acquired a new stake in Pinterest during the 4th quarter valued at approximately $26,000. Finally, Wellington Shields Capital Management LLC bought a new position in Pinterest during the 2nd quarter worth approximately $40,000. 88.81% of the stock is owned by institutional investors and hedge funds.

About Pinterest

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

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