Pinterest (NYSE:PINS) CFO Sells $590,151.06 in Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the transaction, the chief financial officer directly owned 540,358 shares in the company, valued at approximately $13,973,657.88. This represents a 4.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Pinterest Stock Down 0.9%

Shares of NYSE:PINS traded down $0.25 during midday trading on Monday, reaching $25.89. The company’s stock had a trading volume of 11,404,079 shares, compared to its average volume of 12,338,303. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. The business has a 50 day moving average price of $27.98 and a 200 day moving average price of $32.84. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. The firm 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 anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Several institutional investors and hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC lifted its position in Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after acquiring an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC raised its stake in shares of Pinterest by 505.7% during the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares during the period. Atlantic Union Bankshares Corp lifted its position in shares of Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 883 shares in the last quarter. West Branch Capital LLC purchased a new position in shares of Pinterest in the second quarter valued at $36,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in Pinterest during the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

PINS has been the subject of several research analyst reports. Sanford C. Bernstein dropped their price target on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Pinterest in a research note on Monday, December 22nd. Cantor Fitzgerald cut their target price on Pinterest from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. UBS Group reduced their target price on Pinterest from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, BMO Capital Markets lowered their price target on Pinterest from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and a consensus target price of $38.97.

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.