Malik Ducard Sells 6,000 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) insider Malik Ducard sold 6,000 shares of Pinterest stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $155,160.00. Following the completion of the transaction, the insider owned 699,773 shares in the company, valued at approximately $18,096,129.78. This represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Pinterest Stock Performance

PINS stock traded down $0.25 during trading on Monday, hitting $25.89. 11,404,079 shares of the company traded hands, compared to its average volume of 12,338,303. The company has a 50-day moving average of $27.98 and a 200-day moving average of $32.84. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The firm has a market capitalization of $17.49 billion, a PE ratio of 8.99, a P/E/G ratio of 1.66 and a beta of 0.89.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. The business had revenue of $665.93 million for the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%. Sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in Pinterest in the 2nd quarter worth about $477,853,000. Amundi increased its stake in Pinterest by 618.9% during the 1st quarter. Amundi now owns 14,254,741 shares of the company’s stock valued at $441,897,000 after purchasing an additional 12,271,958 shares in the last quarter. Davis Selected Advisers purchased a new position in Pinterest in the third quarter worth about $253,887,000. Swedbank AB lifted its stake in shares of Pinterest by 344.0% in the first quarter. Swedbank AB now owns 5,839,485 shares of the company’s stock worth $181,024,000 after buying an additional 4,524,433 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Pinterest by 1,138.8% in the second quarter. Balyasny Asset Management L.P. now owns 4,601,571 shares of the company’s stock worth $165,012,000 after buying an additional 4,230,125 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Pinterest from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Benchmark cut their target price on Pinterest from $48.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Wedbush downgraded Pinterest from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $34.00 to $30.00 in a report on Monday, December 8th. Evercore ISI dropped their price objective on Pinterest from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Finally, Barclays cut their price objective on Pinterest from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and an average price target of $38.97.

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.