Key Points
- Pinterest insider Wanjiku Juanita Walcott sold 27,337 shares on May 29 at an average price of $20.46, totaling about $559,315. The sale reduced her position by 3.64% and was made under a pre-arranged Rule 10b5-1 plan.
- Pinterest shares were down 2.3% and opened at $20.86, near the company’s 50-day moving average of $19.45 and below its 200-day average of $21.89. The stock has traded between $13.84 and $39.93 over the past year.
- Recent fundamentals showed stronger-than-expected results: Pinterest reported Q1 EPS of $0.27 versus $0.22 expected, with revenue of $1.01 billion, up 17.8% year over year. Analysts currently rate the stock a consensus Hold with a $27.40 price target.
Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Wanjiku Juanita Walcott sold 27,337 shares of the business's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total value of $559,315.02. Following the sale, the insider owned 724,673 shares of the company's stock, valued at $14,826,809.58. The trade was a 3.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Pinterest Stock Down 2.3%
Shares of NYSE:PINS opened at $20.86 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The stock has a market capitalization of $11.69 billion, a P/E ratio of 43.47, a PEG ratio of 1.15 and a beta of 0.92. The stock has a 50-day simple moving average of $19.45 and a 200-day simple moving average of $21.89.
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 quarter in the previous year, the business earned $0.23 EPS. The company's revenue for the quarter was up 17.8% on a year-over-year basis. Equities analysts forecast that Pinterest, Inc. will post 0.68 earnings per share for the current year.
Hedge Funds Weigh In On Pinterest
Several hedge funds and other institutional investors have recently bought and sold shares of PINS. Norges Bank acquired a new position in Pinterest during the 4th quarter worth approximately $357,945,000. Davis Selected Advisers acquired a new position in Pinterest during the 3rd quarter worth approximately $253,887,000. State Street Corp lifted its position in Pinterest by 52.6% during the 4th quarter. State Street Corp now owns 21,492,169 shares of the company's stock worth $556,432,000 after acquiring an additional 7,412,213 shares in the last quarter. Victory Capital Management Inc. lifted its position in Pinterest by 30.5% during the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company's stock worth $694,082,000 after acquiring an additional 6,258,628 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Pinterest by 271.1% in the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company's stock valued at $109,831,000 after purchasing an additional 4,375,000 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on PINS shares. Argus cut Pinterest from a "buy" rating to a "hold" rating in a report on Monday, March 2nd. Piper Sandler reiterated a "neutral" rating and set a $26.00 target price (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Robert W. Baird boosted their target price on Pinterest from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, May 5th. Cantor Fitzgerald set a $18.00 price target on Pinterest in a research report on Friday, February 13th. Finally, Weiss Ratings lowered Pinterest from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, April 2nd. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pinterest has a consensus rating of "Hold" and a consensus price target of $27.40.
Check Out Our Latest Research Report on Pinterest
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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