Key Points
- Malik Ducard sold 2,293 Pinterest shares on Feb. 2 at an average price of $22.06 for $50,583.58, leaving him with 695,187 shares (a 0.33% reduction) valued at about $15.34 million.
- The Feb. 2 sale continues a recent selling pattern — he also sold 2,293 shares on Jan. 2 at $26.18 and 6,000 shares on Dec. 24 at $25.86.
- Pinterest is under pressure despite a consensus analyst target near $37: shares are trading close to a 12‑month low (~$20.11) amid governance and morale concerns (CEO rebuked/fired staff over a layoff‑tracking tool) and an investor probe by Pomerantz, while analyst views remain mixed.
Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Malik Ducard sold 2,293 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the completion of the transaction, the insider directly owned 695,187 shares of the company's stock, valued at $15,335,825.22. This represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Malik Ducard also recently made the following trade(s):
- On Friday, January 2nd, Malik Ducard sold 2,293 shares of Pinterest stock. The stock was sold at an average price of $26.18, for a total value of $60,030.74.
- 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
PINS opened at $20.77 on Wednesday. The business has a fifty day moving average price of $25.88 and a 200 day moving average price of $30.94. Pinterest, Inc. has a 12 month low of $20.11 and a 12 month high of $40.90. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 1.01 and a beta of 0.92.
Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business earned $0.40 EPS. Pinterest's revenue for the quarter was up 16.8% on a year-over-year basis. On average, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.
Key Pinterest News
Here are the key news stories impacting Pinterest this week:
Analyst Ratings Changes
Several research analysts have commented on the stock. Evercore ISI reiterated an "outperform" rating on shares of Pinterest in a report on Tuesday, January 27th. Monness Crespi & Hardt downgraded shares of Pinterest from a "buy" rating to a "neutral" rating in a research note on Wednesday, November 5th. Barclays dropped their target price on Pinterest from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 5th. Guggenheim cut their price target on Pinterest from $44.00 to $38.00 and set a "buy" rating on the stock in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pinterest in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Pinterest has a consensus rating of "Moderate Buy" and a consensus target price of $37.13.
View Our Latest Report on Pinterest
Hedge Funds Weigh In On Pinterest
Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Pinterest by 15.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 835,179 shares of the company's stock valued at $26,600,000 after acquiring an additional 110,089 shares during the period. Renaissance Group LLC increased its stake in Pinterest by 4.5% in the 2nd quarter. Renaissance Group LLC now owns 1,019,178 shares of the company's stock valued at $36,548,000 after purchasing an additional 43,541 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Pinterest by 243.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 69,446 shares of the company's stock worth $2,490,000 after purchasing an additional 49,204 shares during the last quarter. SG Americas Securities LLC boosted its position in Pinterest by 302.0% during the third quarter. SG Americas Securities LLC now owns 133,193 shares of the company's stock worth $4,285,000 after purchasing an additional 100,063 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in Pinterest by 50,133.2% in the third quarter. Cullen Frost Bankers Inc. now owns 255,687 shares of the company's stock valued at $8,225,000 after purchasing an additional 255,178 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.
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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