Pinterest (NYSE:PINS) Director Gokul Rajaram Sells 1,050 Shares of Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,050 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $20.00, for a total value of $21,000.00. Following the sale, the director owned 40,396 shares of the company’s stock, valued at approximately $807,920. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gokul Rajaram also recently made the following trade(s):

• On Wednesday, April 15th, Gokul Rajaram sold 2,100 shares of Pinterest stock. The stock was sold at an average price of $20.00, for a total value of $42,000.00.
• On Friday, March 6th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The stock was sold at an average price of $20.00, for a total value of $21,000.00.

Pinterest Stock Performance

PINS opened at $20.04 on Thursday. The company has a market cap of $11.23 billion, a PE ratio of 41.76, a price-to-earnings-growth ratio of 1.05 and a beta of 0.93. The stock has a 50-day moving average of $19.32 and a 200-day moving average of $22.03. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93. 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 released its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on PINS shares. Benchmark decreased their target price on Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Oppenheimer increased their target price on Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. UBS Group increased their target price on Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Rosenblatt Securities increased their target price on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company increased their target price on Pinterest from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Pinterest has an average rating of “Hold” and a consensus target price of $27.40.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently bought and sold shares of PINS. Revolve Wealth Partners LLC bought a new stake in Pinterest in the fourth quarter valued at about $252,000. Integrated Wealth Concepts LLC increased its stake in Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after acquiring an additional 607 shares during the period. Empowered Funds LLC increased its stake in Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after acquiring an additional 4,748 shares during the period. Sivia Capital Partners LLC increased its stake in Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after acquiring an additional 2,649 shares during the period. Finally, Jump Financial LLC bought a new stake in Pinterest in the second quarter valued at about $696,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Zacks published a bullish note calling Pinterest a top long-term value stock, which may support the stock by reinforcing the company’s appeal to value-oriented investors. Article Title
• Neutral Sentiment: Director Gokul Rajaram sold 1,050 shares in a pre-arranged Rule 10b5-1 transaction, a routine insider sale that is not necessarily a negative signal, though investors may still view it cautiously. Article Title
• Negative Sentiment: Several firms, including Rosen, Bernstein Liebhard, Schall, DJS, Pomerantz, Bragar Eagel & Squire, Portnoy, and Gross Law Firm, have publicly pushed the securities-fraud class action against Pinterest, keeping legal overhang front and center for shareholders. Article Title

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.