Key Points
- Director Gokul Rajaram sold 1,050 Pinterest shares on May 27 at an average price of $20.00, totaling $21,000. The sale was made under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 2.53%.
- Pinterest reported stronger-than-expected Q1 results, with EPS of $0.27 versus the $0.22 consensus and revenue of $1.01 billion, up 17.8% year over year. The company also posted a 7.64% net margin and 8.26% return on equity.
- Wall Street remains cautious but constructive on Pinterest, with a consensus rating of “Hold” and an average price target of $27.40. Meanwhile, several major institutional investors increased their stakes, and 88.81% of shares are held by institutions.
Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Gokul Rajaram sold 1,050 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $20.00, for a total value of $21,000.00. Following the completion of the transaction, the director directly owned 40,396 shares of the company's stock, valued at approximately $807,920. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Gokul Rajaram also recently made the following trade(s):
- On Wednesday, April 15th, Gokul Rajaram sold 2,100 shares of Pinterest stock. The stock was sold at an average price of $20.00, for a total value of $42,000.00.
- On Friday, March 6th, Gokul Rajaram sold 1,050 shares of Pinterest stock. The stock was sold at an average price of $20.00, for a total value of $21,000.00.
Pinterest Trading Up 3.7%
Shares of PINS opened at $20.04 on Thursday. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $19.32 and a 200-day simple moving average of $22.03. The stock has a market cap of $11.23 billion, a PE ratio of 41.76, a PEG ratio of 1.05 and a beta of 0.93.
Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $965.84 million. During the same period in the prior year, the firm posted $0.23 EPS. Pinterest's quarterly revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts predict that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Pinterest by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company's stock worth $1,606,632,000 after purchasing an additional 1,069,646 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Pinterest by 15.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company's stock worth $719,994,000 after purchasing an additional 3,669,476 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Pinterest by 30.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company's stock worth $694,082,000 after purchasing an additional 6,258,628 shares during the last quarter. State Street Corp boosted its position in shares of Pinterest by 52.6% in the 4th quarter. State Street Corp now owns 21,492,169 shares of the company's stock worth $556,432,000 after purchasing an additional 7,412,213 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Pinterest by 10.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company's stock worth $634,767,000 after purchasing an additional 1,913,668 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.
More Pinterest News
Here are the key news stories impacting Pinterest this week:
- Positive Sentiment: Zacks published a bullish note calling Pinterest a top long-term value stock, which may support the stock by reinforcing the company’s appeal to value-oriented investors. Article Title
- Neutral Sentiment: Director Gokul Rajaram sold 1,050 shares in a pre-arranged Rule 10b5-1 transaction, a routine insider sale that is not necessarily a negative signal, though investors may still view it cautiously. Article Title
- Negative Sentiment: Several firms, including Rosen, Bernstein Liebhard, Schall, DJS, Pomerantz, Bragar Eagel & Squire, Portnoy, and Gross Law Firm, have publicly pushed the securities-fraud class action against Pinterest, keeping legal overhang front and center for shareholders. Article Title
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Pinterest from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, May 5th. Wedbush dropped their price target on Pinterest from $30.00 to $16.00 and set a "neutral" rating for the company in a report on Friday, February 13th. Rosenblatt Securities raised their price target on Pinterest from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 price target on Pinterest and gave the company a "neutral" rating in a report on Monday, April 27th. Finally, Guggenheim raised their price target on Pinterest from $21.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Pinterest has a consensus rating of "Hold" and an average price target of $27.40.
Get Our Latest Research Report on PINS
About Pinterest
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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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