Pinterest Sees Unusually High Options Volume (NYSE:PINS)

Pinterest, Inc. (NYSE:PINS) was the target of unusually large options trading on Monday. Stock investors purchased 24,845 call options on the company. This is an increase of 70% compared to the typical volume of 14,606 call options.

Insiders Place Their Bets

In other news, Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $18.33, for a total transaction of $859,218.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Walcott sold 14,103 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $18.21, for a total transaction of $256,815.63. Following the transaction, the insider directly owned 658,902 shares in the company, valued at approximately $11,998,605.42. The trade was a 2.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 584,787 shares of company stock valued at $12,510,594 in the last three months. 8.09% of the stock is currently owned by insiders.

Institutional Trading of Pinterest

Institutional investors have recently added to or reduced their stakes in the stock. Amundi boosted its position in Pinterest by 38.3% in the 1st quarter. Amundi now owns 3,200,829 shares of the company’s stock valued at $58,703,000 after buying an additional 885,927 shares during the period. Victory Capital Management Inc. grew its stake in shares of Pinterest by 30.5% in the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock worth $694,082,000 after acquiring an additional 6,258,628 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Pinterest by 53.4% during the first quarter. Lazard Asset Management LLC now owns 1,421,187 shares of the company’s stock worth $26,065,000 after acquiring an additional 494,571 shares during the period. Andra AP fonden increased its position in shares of Pinterest by 7.9% during the fourth quarter. Andra AP fonden now owns 1,915,500 shares of the company’s stock worth $49,592,000 after acquiring an additional 139,544 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Pinterest by 12.2% in the first quarter. First Trust Advisors LP now owns 1,970,857 shares of the company’s stock valued at $36,145,000 after acquiring an additional 213,677 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Up 4.3%

Shares of PINS opened at $20.08 on Tuesday. The company’s 50-day moving average price is $21.46 and its 200 day moving average price is $20.77. Pinterest has a 12-month low of $13.84 and a 12-month high of $35.42. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. The firm has a market cap of $11.25 billion, a P/E ratio of 59.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90.

Pinterest (NYSE:PINS) last announced 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. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.33 earnings per share. Pinterest’s revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts forecast that Pinterest will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PINS. Jefferies Financial Group upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a report on Monday, August 31st. Barclays raised their price target on shares of Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Morgan Stanley lifted their price target on shares of Pinterest from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $30.00 price objective on shares of Pinterest in a report on Wednesday, August 5th. Finally, BMO Capital Markets upped their price objective on Pinterest from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Eighteen analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.90.

More Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: James Dibbo, an Amazon veteran, will become Pinterest’s chief financial officer on October 26. He will oversee finance, accounting, financial planning, investor relations, treasury, tax, corporate development, internal audit and workplace operations. His experience at Amazon could strengthen Pinterest’s financial discipline and support its advertising and commerce expansion plans. Pinterest Appoints James Dibbo Chief Financial Officer
• Positive Sentiment: Options activity was notably bullish: investors bought 24,845 call options, roughly 70% above the average call volume. While options activity is not a fundamental indicator, it suggests increased speculative interest in a potential recovery in PINS. Pinterest Stock Sees Unusually High Call Option Buying
• Neutral Sentiment: An investment analysis highlighted Pinterest’s AI assistant as a possible long-term growth catalyst and noted that the stock is trading near the company’s reported $18.17 buyback price. The analysis cited a substantially higher valuation target, but those estimates remain speculative and depend on successful AI monetization. Pinterest Stock Trades Near Its Buyback Price
• Neutral Sentiment: A guide to Pinterest advertising discussed campaign effectiveness, costs and suitable advertisers, reinforcing the platform’s ongoing commercial potential but providing no new company-specific financial information. Pinterest Ads Guide
• Negative Sentiment: The immediate market reaction to the CFO announcement was negative, likely reflecting uncertainty around the leadership transition and the absence of details about Dibbo’s priorities or expected financial impact. Investors may also be cautious given PINS remains below its recent moving averages and trades at a relatively high earnings multiple. Pinterest Stock Dips as Company Names CFO

About Pinterest

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.