Pinterest, Inc. (NYSE:PINS) Short Interest Up 26.7% in February

Pinterest, Inc. (NYSE:PINS) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 38,630,865 shares, an increase of 26.7% from the February 12th total of 30,500,004 shares. Based on an average daily volume of 24,939,928 shares, the short-interest ratio is currently 1.5 days. Currently, 6.3% of the shares of the company are short sold. Currently, 6.3% of the shares of the company are short sold. Based on an average daily volume of 24,939,928 shares, the short-interest ratio is currently 1.5 days.

Insiders Place Their Bets

In other Pinterest news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $590,151.06. Following the completion of the sale, the chief financial officer directly owned 540,358 shares in the company, valued at $13,973,657.88. The trade was a 4.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the sale, the insider owned 695,187 shares of the company’s stock, valued at $15,335,825.22. This trade represents a 0.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 34,457 shares of company stock valued at $876,925. 7.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PINS. Corient Private Wealth LLC raised its stake in Pinterest by 67.8% during the fourth quarter. Corient Private Wealth LLC now owns 126,647 shares of the company’s stock worth $3,280,000 after purchasing an additional 51,181 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Pinterest by 40.6% in the 4th quarter. Hsbc Holdings PLC now owns 834,914 shares of the company’s stock valued at $21,596,000 after purchasing an additional 241,154 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Pinterest by 2,017.3% in the fourth 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 last quarter. MidFirst Bank acquired a new stake in shares of Pinterest during the fourth quarter valued at about $44,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Pinterest by 32.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,951,421 shares of the company’s stock worth $76,412,000 after acquiring an additional 730,358 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on PINS shares. Barclays decreased their target price on Pinterest from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft cut shares of Pinterest from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research report on Friday, February 13th. Roth Mkm cut their price target on shares of Pinterest from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 target price (down from $35.00) on shares of Pinterest in a research note on Friday, February 13th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $20.00 target price on shares of Pinterest in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.87.

Pinterest Trading Up 4.0%

Pinterest stock traded up $0.73 during mid-day trading on Tuesday, hitting $19.00. The company had a trading volume of 1,320,198 shares, compared to its average volume of 19,703,592. The company’s fifty day moving average is $21.17 and its 200-day moving average is $27.12. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of 1.21 and a beta of 0.93. Pinterest has a 12-month low of $13.84 and a 12-month high of $39.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, sell-side analysts expect that Pinterest will post 0.6 EPS for the current fiscal year.

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.