Key Points
- Malik Ducard sold 2,293 Pinterest shares on Jan 2 at an average price of $26.18 for a total of $60,030.74 (he had also sold 6,000 shares on Dec 24); he still owns 697,480 shares (~$18.26M), a 0.33% reduction in his position, per the SEC filing.
- Pinterest (PINS) opened at $27.06, trades in a 52-week range of $23.68–$40.90 with a market cap of $18.28B and a P/E of 9.40; analysts have a consensus “Moderate Buy” with an average target of $38.72, though several firms recently cut price targets and ratings.
Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Malik Ducard sold 2,293 shares of the company'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 sale, the insider directly owned 697,480 shares of the company's stock, valued at approximately $18,260,026.40. This represents a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Malik Ducard also recently made the following trade(s):
- On Wednesday, December 24th, Malik Ducard sold 6,000 shares of Pinterest stock. The stock was sold at an average price of $25.86, for a total transaction of $155,160.00.
Pinterest Stock Performance
Shares of Pinterest stock opened at $27.06 on Wednesday. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The company has a fifty day moving average of $26.95 and a 200-day moving average of $32.44.
Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. The company 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, equities research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Pinterest
Large investors have recently modified their holdings of the stock. Golden State Wealth Management LLC raised its stake in Pinterest by 282.7% in the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company's stock worth $25,000 after buying an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC grew its holdings in shares of Pinterest by 505.7% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company's stock worth $27,000 after acquiring an additional 713 shares during the period. Atlantic Union Bankshares Corp raised its position in shares of Pinterest by 3,839.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company's stock worth $29,000 after acquiring an additional 883 shares in the last quarter. West Branch Capital LLC bought a new position in shares of Pinterest in the 2nd quarter worth approximately $36,000. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of Pinterest in the 2nd quarter valued at approximately $40,000. Institutional investors own 88.81% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on PINS. Monness Crespi & Hardt cut Pinterest from a "buy" rating to a "neutral" rating in a report on Wednesday, November 5th. Bank of America dropped their price objective on Pinterest from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pinterest in a research note on Monday, December 29th. BMO Capital Markets lowered their price target on shares of Pinterest from $41.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, November 5th. Finally, Wells Fargo & Company cut their price target on shares of Pinterest from $42.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $38.72.
View Our Latest Report on PINS
Pinterest Company Profile
(
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.
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