Key Points
- Insider Malik Ducard sold 6,000 shares of Pinterest on Dec. 24 at an average price of $25.86 for $155,160, trimming his stake by 0.85% to 699,773 shares valued at about $18.1 million.
- Pinterest opened at $25.89 and is trading near its 52‑week low ($23.68) with a market cap of $17.49 billion and a P/E of 8.99, and the stock was reported down roughly 0.9%.
- While several firms have recently cut targets, the consensus rating is a “Moderate Buy” with an average analyst target of $38.97.
Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Malik Ducard sold 6,000 shares of the stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $155,160.00. Following the completion of the sale, the insider directly owned 699,773 shares of the company's stock, valued at $18,096,129.78. This trade represents a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Pinterest Trading Down 0.9%
NYSE PINS opened at $25.89 on Tuesday. The stock has a market cap of $17.49 billion, a P/E ratio of 8.99, a PEG ratio of 1.66 and a beta of 0.89. The company's fifty day simple moving average is $27.84 and its 200-day simple moving average is $32.79. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90.
Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. The firm had revenue of $665.93 million for the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. On average, research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on PINS. Rosenblatt Securities reissued a "neutral" rating and issued a $30.00 price target (down previously from $49.00) on shares of Pinterest in a report on Wednesday, November 5th. JPMorgan Chase & Co. reduced their target price on Pinterest from $44.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, November 5th. Morgan Stanley decreased their price target on shares of Pinterest from $41.00 to $32.00 and set an "overweight" rating for the company in a research report on Wednesday, November 26th. Cantor Fitzgerald cut their price target on shares of Pinterest from $40.00 to $34.00 and set an "overweight" rating on the stock in a report on Wednesday, November 5th. Finally, Royal Bank Of Canada reduced their price objective on shares of Pinterest from $45.00 to $38.00 and set an "outperform" rating on the stock in a research note 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 company. According to MarketBeat, Pinterest currently has an average rating of "Moderate Buy" and an average target price of $38.97.
Check Out Our Latest Stock Analysis on Pinterest
Institutional Trading of Pinterest
Several institutional investors have recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC acquired a new position in shares of Pinterest in the 4th quarter valued at about $252,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Pinterest by 19.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 17,875 shares of the company's stock worth $554,000 after acquiring an additional 2,886 shares during the last quarter. Comerica Bank lifted its holdings in Pinterest by 17.5% in the first quarter. Comerica Bank now owns 81,729 shares of the company's stock worth $2,534,000 after acquiring an additional 12,200 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in Pinterest in the first quarter valued at approximately $268,000. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of Pinterest by 23.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 67,513 shares of the company's stock valued at $2,093,000 after purchasing an additional 12,998 shares during the last quarter. Institutional investors own 88.81% of the company's stock.
About Pinterest
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
