Key Points
- Director Benjamin Silbermann sold 46,875 Pinterest shares at an average price of $23.88, generating approximately $1.12 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and follows several similar weekly sales.
- Pinterest reported quarterly adjusted earnings of $0.43 per share, beating estimates of $0.36, while revenue reached $1.18 billion, up 18.2% year over year and above analyst expectations.
- Analysts have a consensus “Hold” rating on Pinterest, with an average price target of $27.90. Institutional investors own 88.81% of the company, and several major funds increased their stakes.
Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Claude Leonard Brown sold 12,240 shares of Pinterest stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $23.88, for a total transaction of $292,291.20. Following the transaction, the insider directly owned 1,206,834 shares in the company, valued at $28,819,195.92. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Pinterest Stock Performance
NYSE PINS opened at $22.93 on Thursday. The company has a fifty day moving average price of $22.28 and a 200-day moving average price of $20.41. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 67.44, a PEG ratio of 1.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $38.57.
Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm earned $0.33 earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts predict that Pinterest, Inc. will post 0.62 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Pinterest from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Mizuho upped their target price on Pinterest from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Susquehanna reaffirmed a "positive" rating on shares of Pinterest in a research report on Wednesday, August 5th. Evercore lifted their price target on Pinterest from $27.00 to $29.00 and gave the stock an "in-line" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings raised Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Seventeen research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $27.90.
Get Our Latest Stock Report on PINS
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new stake in Pinterest during the fourth quarter valued at about $252,000. Integrated Wealth Concepts LLC increased its stake 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 worth $339,000 after purchasing an additional 607 shares in the last quarter. Empowered Funds LLC raised 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 purchasing an additional 4,748 shares during the period. Sivia Capital Partners LLC raised its position 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 purchasing an additional 2,649 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Pinterest during the 2nd quarter valued at approximately $696,000. Hedge funds and other institutional investors 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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