Key Points
- Director Gokul Rajaram sold 1,050 shares on March 6 at an average price of $20, trimming his stake by 3.43% to 29,550 shares (about $591,000).
- Pinterest slightly missed quarterly estimates with EPS of $0.67 vs. $0.68 expected and revenue of $1.32B vs. $1.33B expected, though revenue grew 14.3% year-over-year.
- Wall Street sentiment is mixed — the stock has an average rating of "Hold" with a consensus target of $25.87, and several firms recently lowered price targets.
Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Gokul Rajaram sold 1,050 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $20.00, for a total value of $21,000.00. Following the transaction, the director directly owned 29,550 shares in the company, valued at approximately $591,000. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Pinterest Stock Down 1.6%
NYSE:PINS opened at $19.68 on Tuesday. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 1.32 and a beta of 0.93. The stock's 50 day moving average price is $21.92 and its two-hundred day moving average price is $27.73.
Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business's revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in Pinterest during the 4th quarter worth $252,000. Integrated Wealth Concepts LLC boosted its position in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company's stock valued at $339,000 after acquiring an additional 607 shares during the period. Empowered Funds LLC boosted its position in shares of Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company's stock valued at $470,000 after acquiring an additional 4,748 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company's stock valued at $335,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Assetmark Inc. increased its position in Pinterest by 432.2% during the second quarter. Assetmark Inc. now owns 2,379 shares of the company's stock worth $85,000 after acquiring an additional 1,932 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have commented on PINS. Stifel Nicolaus reduced their price objective on shares of Pinterest from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, February 13th. Benchmark dropped their price objective on shares of Pinterest from $39.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, February 11th. Piper Sandler restated a "neutral" rating and set a $21.00 target price (down from $33.00) on shares of Pinterest in a research note on Friday, February 13th. TD Cowen reduced their target price on shares of Pinterest from $44.00 to $36.00 and set a "buy" rating for the company in a report on Friday, February 13th. Finally, BMO Capital Markets set a $28.00 price target on shares of Pinterest and gave the company an "outperform" rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nineteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Pinterest currently has an average rating of "Hold" and a consensus target price of $25.87.
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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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