Pinterest (NYSE:PINS) Insider Malik Ducard Sells 2,293 Shares

Pinterest, Inc. (NYSE:PINS) insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $26.18, for a total value of $60,030.74. Following the completion of the transaction, the insider owned 697,480 shares in the company, valued at $18,260,026.40. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Malik Ducard also recently made the following trade(s):

• On Wednesday, December 24th, Malik Ducard sold 6,000 shares of Pinterest stock. The shares were sold at an average price of $25.86, for a total value of $155,160.00.

Pinterest Price Performance

NYSE PINS opened at $27.06 on Wednesday. The business’s fifty day moving average is $26.95 and its 200-day moving average is $32.44. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 1.21 and a beta of 0.91. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90.

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

Institutional Trading of Pinterest

Several institutional investors and hedge funds have recently modified their holdings of PINS. Norges Bank bought a new stake in shares of Pinterest during the 2nd quarter worth $477,853,000. Davis Selected Advisers bought a new position in Pinterest in the third quarter valued at $253,887,000. Swedbank AB raised its position in Pinterest by 344.0% during the first quarter. Swedbank AB now owns 5,839,485 shares of the company’s stock valued at $181,024,000 after purchasing an additional 4,524,433 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Pinterest by 1,138.8% during the second quarter. Balyasny Asset Management L.P. now owns 4,601,571 shares of the company’s stock worth $165,012,000 after purchasing an additional 4,230,125 shares during the last quarter. Finally, Man Group plc boosted its holdings in shares of Pinterest by 185.7% in the 3rd quarter. Man Group plc now owns 4,983,427 shares of the company’s stock worth $160,317,000 after purchasing an additional 3,239,222 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PINS. Rosenblatt Securities reiterated a “neutral” rating and issued a $30.00 price objective (down previously from $49.00) on shares of Pinterest in a research note on Wednesday, November 5th. Bank of America dropped their price target on Pinterest from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Mizuho began coverage on Pinterest in a research note on Monday, September 29th. They set an “outperform” rating and a $50.00 price target for the company. The Goldman Sachs Group lowered their price objective on Pinterest from $43.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Wall Street Zen downgraded shares of Pinterest from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.72.

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.