Pinterest (NYSE:PINS) Insider Sells $292,291.20 in Stock

Pinterest, Inc. (NYSE:PINS) insider Claude Leonard Brown sold 12,240 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $23.88, for a total value of $292,291.20. Following the transaction, the insider directly owned 1,206,834 shares of the company’s stock, valued at approximately $28,819,195.92. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Trading Up 3.1%

PINS opened at $24.05 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest, Inc. has a one year low of $13.84 and a one year high of $38.57. The company has a market cap of $13.47 billion, a P/E ratio of 70.74, a PEG ratio of 1.25 and a beta of 0.90. The business’s 50-day simple moving average is $22.36 and its 200-day simple moving average is $20.41.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, equities research analysts expect that Pinterest, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on PINS. TD Cowen restated a “buy” rating on shares of Pinterest in a research report on Monday, June 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Pinterest in a research report on Wednesday, August 5th. UBS Group lifted their price target on shares of Pinterest from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Stifel Nicolaus boosted their price target on shares of Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Mizuho upped their price objective on shares of Pinterest from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.90.

Institutional Trading of Pinterest

A number of hedge funds have recently added to or reduced their stakes in PINS. Snowden Capital Advisors LLC increased its holdings in shares of Pinterest by 4.4% in the second 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 during the period. EP Wealth Advisors LLC lifted its holdings in shares of Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after purchasing an additional 358 shares during the period. Simon Quick Advisors LLC lifted its holdings in shares of Pinterest by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after purchasing an additional 535 shares during the period. CIBC Asset Management Inc grew its position in Pinterest by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock valued at $684,000 after buying an additional 560 shares during the last quarter. Finally, Coyle Financial Counsel LLC grew its position in Pinterest by 5.9% in the 4th quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company’s stock valued at $274,000 after buying an additional 587 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

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.