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

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 27,337 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $20.46, for a total value of $559,315.02. Following the completion of the sale, the insider directly owned 724,673 shares in the company, 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 available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Stock Performance

PINS opened at $20.74 on Thursday. The firm has a market capitalization of $11.62 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92. The stock’s 50 day moving average price is $19.53 and its two-hundred day moving average price is $21.81. 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 12-month low of $13.84 and a 12-month high of $39.93.

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

Analysts Set New Price Targets

Several equities analysts have commented on PINS shares. Oppenheimer upped their price target on Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Citigroup upped their target price on Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Guggenheim upped their target price on Pinterest from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Argus lowered Pinterest from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average target price of $27.40.

Institutional Trading of Pinterest

Institutional investors have recently bought and sold shares of the stock. Snowden Capital Advisors LLC boosted its holdings in shares of Pinterest by 4.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after purchasing an additional 296 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after purchasing an additional 358 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of Pinterest by 0.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock valued at $2,484,000 after purchasing an additional 464 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Pinterest by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock valued at $265,000 after purchasing an additional 535 shares in the last quarter. Finally, Coyle Financial Counsel LLC boosted its holdings in shares of Pinterest by 5.8% in the 3rd quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock valued at $322,000 after purchasing an additional 551 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Company Profile

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.