Pinterest (NYSE:PINS) Stock Price Up 4.9% – Still a Buy?

Pinterest, Inc. (NYSE:PINS)’s share price traded up 4.9% during trading on Tuesday . The stock traded as high as $20.19 and last traded at $20.4570. 3,413,508 shares traded hands during trading, a decline of 82% from the average daily volume of 19,255,316 shares. The stock had previously closed at $19.50.

Wall Street Analyst Weigh In

PINS has been the subject of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $26.00 target price (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Evercore set a $27.00 price target on Pinterest in a report on Tuesday, May 5th. Benchmark reduced their price objective on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus lifted their price objective 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. Finally, TD Cowen reiterated a “buy” rating on shares of Pinterest in a research note on Monday. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.40.

Pinterest Stock Up 2.1%

The firm has a market cap of $11.15 billion, a P/E ratio of 41.43, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The stock’s 50 day simple moving average is $20.27 and its 200 day simple moving average is $21.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23.

Pinterest (NYSE:PINS) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Research analysts anticipate that Pinterest, Inc. will post 0.65 EPS for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02. Following the completion of the transaction, the insider owned 724,673 shares in the company, valued at approximately $14,826,809.58. The trade was a 3.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $21.15, for a total value of $991,406.25. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 171,112 shares of company stock worth $3,595,596. Insiders own 8.09% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several institutional investors have recently bought and sold shares of PINS. Elevated Capital Advisors LLC purchased a new stake in Pinterest in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after acquiring an additional 1,049 shares during the last quarter. Addison Advisors LLC boosted its holdings in Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the last quarter. Garner Asset Management Corp bought a new stake in shares of Pinterest in the 4th quarter worth $36,000. Finally, Summit Securities Group LLC bought a new stake in shares of Pinterest in the 1st quarter worth $43,000. 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.