Pinterest (NYSE:PINS) CFO Donnelly Julia Brau Sells 59,096 Shares

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 59,096 shares of Pinterest stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the transaction, the chief financial officer directly owned 817,409 shares of the company’s stock, valued at approximately $19,192,763.32. This trade represents a 6.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Stock Up 1.7%

PINS traded up $0.40 during midday trading on Friday, reaching $23.73. The company’s stock had a trading volume of 12,423,903 shares, compared to its average volume of 17,895,637. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $38.57. The stock’s 50-day moving average is $22.04 and its 200-day moving average is $20.46. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 69.80, a PEG ratio of 1.38 and a beta of 0.90. The company has a current ratio of 3.81, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS) last released its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $0.33 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. As a group, research analysts expect that Pinterest, Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Mizuho increased their target price on Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday. BMO Capital Markets lifted their price target on Pinterest from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley upped their price target on shares of Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday. DA Davidson increased their price objective on shares of Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Rosenblatt Securities raised their price objective on shares of Pinterest from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday. Seventeen research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.88.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q2 results beat expectations: Pinterest reported adjusted earnings of $0.43 per share versus the $0.36 consensus estimate, while revenue reached $1.18 billion compared with expectations of $1.15 billion. Revenue grew 18.2% year over year. Pinterest’s Q2 Earnings Top Estimates on AI-Led Ad Growth
• Positive Sentiment: AI is supporting monetization: AI-powered advertising, stronger monetization and record user growth helped drive the quarterly outperformance and contributed to a more constructive outlook. Spotify and Pinterest Delivered the Growth. Investors Wanted More
• Positive Sentiment: Analyst sentiment was broadly supportive: UBS initiated or reiterated a Buy rating, Cantor Fitzgerald assigned an Overweight rating, and Evercore raised its price target to $29. RBC also increased its target to $25. Guggenheim, Morgan Stanley, Robert W. Baird and Rosenblatt analysts expressed expectations for further appreciation. Evercore Boosts Pinterest Price Target
• Neutral Sentiment: Valuation remains a debate: Some analysts view the post-earnings weakness as a buying opportunity, citing Pinterest’s high-intent users, high-teens revenue growth and disciplined expense management. Pinterest: Despite North American User Choppiness, Worth The Cheap Multiples
• Negative Sentiment: Key risks limited the reaction: Investors were disappointed by at least one user-related metric, particularly choppiness in North American users. Monetization initiatives are also creating margin pressure, while Wedbush maintained a Neutral or Hold rating. PINS Q2 Deep Dive

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Elevated Capital Advisors LLC purchased a new position in Pinterest during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd grew 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 valued at $29,000 after buying an additional 1,049 shares in the last quarter. Addison Advisors LLC increased its holdings in Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after acquiring an additional 1,200 shares during the last quarter. Garner Asset Management Corp purchased a new stake in shares of Pinterest in the fourth quarter worth about $36,000. Finally, Summit Securities Group LLC bought a new position in shares of Pinterest during the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors 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.