Key Points
- Pinterest insider Wanjiku Walcott sold 14,103 shares at an average price of $18.21, generating approximately $256,816. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced her ownership by 2.1%.
- Pinterest’s latest quarter exceeded expectations, with earnings of $0.43 per share versus the $0.36 consensus estimate and revenue of $1.18 billion, up 18.2% year over year.
- Analysts maintain a consensus “Hold” rating with an average price target of $27.90, while institutional investors own 88.81% of the stock. Pinterest’s valuation and profitability remain concerns despite potential monetization opportunities from international growth, visual-search advertising, and shoppable content.
Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Wanjiku Walcott sold 14,103 shares of the firm's stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $18.21, for a total transaction of $256,815.63. Following the sale, the insider owned 658,902 shares of the company's stock, valued at $11,998,605.42. This trade represents a 2.10% decrease in their ownership of the stock. The sale 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 Trading Up 1.4%
Shares of NYSE:PINS opened at $18.70 on Friday. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $35.42. The business has a 50 day moving average of $21.97 and a 200-day moving average of $20.76. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The stock has a market cap of $10.48 billion, a PE ratio of 55.01, a P/E/G ratio of 1.20 and a beta of 0.90.
Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.58 earnings per share for the current year.
Hedge Funds Weigh In On Pinterest
Several large investors have recently bought and sold shares of PINS. Forsta AP Fonden grew its holdings in Pinterest by 61.2% during the 4th quarter. Forsta AP Fonden now owns 397,400 shares of the company's stock worth $10,289,000 after acquiring an additional 150,900 shares during the last quarter. Amundi grew its stake in shares of Pinterest by 38.3% in the first quarter. Amundi now owns 3,200,829 shares of the company's stock worth $58,703,000 after purchasing an additional 885,927 shares during the last quarter. Norges Bank acquired a new stake in Pinterest in the fourth quarter valued at $357,945,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Pinterest during the 4th quarter worth $3,860,000. Finally, Victory Capital Management Inc. grew 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 valued at $694,082,000 after buying an additional 6,258,628 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on PINS shares. Rosenblatt Securities lifted their target price on Pinterest from $24.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Guggenheim upped their price target on shares of Pinterest from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. BMO Capital Markets raised their price target on shares of Pinterest from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Jefferies Financial Group raised shares of Pinterest from a "hold" rating to a "buy" rating in a research report on Monday, August 31st. Finally, Weiss Ratings upgraded shares of Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 28th. Eighteen investment 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 stock presently has a consensus rating of "Hold" and an average price target of $27.90.
Check Out Our Latest Report on Pinterest
More Pinterest News
Here are the key news stories impacting Pinterest this week:
- Positive Sentiment: Pinterest rolled out Visual Search Ads, allowing brands to place ads in visual search results and Pin closeups and direct users to their websites. The new format, along with expanded advertiser controls and app-promotion options, could increase ad inventory and improve shopping-related revenue. Pinterest Rolls Out Visual Search Ads And Broad Ad Platform Updates
- Positive Sentiment: Analysts and investors see additional monetization headroom, particularly in international markets, where Pinterest’s advertising revenue per user remains below some peers. AI-powered personalization and shoppable content could support longer-term revenue growth if the company can fund investments without materially compressing margins. Pinterest Has Monetization Headroom
- Neutral Sentiment: Pinterest attracted elevated attention from Zacks users, but the report did not identify a new fundamental development. The company’s latest reported quarter provides supportive context: revenue increased 18.2% year over year to $1.18 billion and earnings exceeded consensus estimates. Pinterest Attracting Investor Attention
- Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares for approximately $914,000, following several earlier sales under a pre-arranged Rule 10b5-1 plan. Insider selling can weigh on sentiment, although the scheduled nature of the transactions reduces its significance as a direct signal about current business prospects. Benjamin Silbermann Sells Pinterest Shares
- Negative Sentiment: Chief legal officer Wanjiku Walcott separately sold 14,103 shares, also through a Rule 10b5-1 plan. Pinterest’s valuation remains demanding relative to its profitability, with a reported forward-looking growth profile that leaves the stock sensitive to any slowdown in advertising growth or margin expansion.
Pinterest Company Profile
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Get Free Report)
Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.
The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.
Further Reading
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