Pinterest (NYSE:PINS) Announces Quarterly Earnings Results

Pinterest (NYSE:PINSGet Rating) posted its earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.21, MarketWatch Earnings reports. Pinterest had a net margin of 12.48% and a return on equity of 13.10%. During the same period last year, the business posted ($0.02) earnings per share.

PINS stock traded down $0.68 during trading on Friday, hitting $20.52. 14,955,753 shares of the company traded hands, compared to its average volume of 11,605,651. Pinterest has a 1 year low of $18.32 and a 1 year high of $81.77. The company has a 50-day moving average of $23.87 and a 200-day moving average of $33.05. The firm has a market capitalization of $13.51 billion, a PE ratio of 42.75, a P/E/G ratio of 7.00 and a beta of 1.19.

Several analysts have recently issued reports on PINS shares. KeyCorp reduced their target price on shares of Pinterest from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. Barclays reduced their price target on shares of Pinterest from $50.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, February 4th. Wedbush reduced their price target on shares of Pinterest from $39.00 to $26.00 in a research report on Thursday. Loop Capital reduced their price target on shares of Pinterest from $50.00 to $34.00 in a research report on Monday, March 28th. Finally, Cleveland Research lowered shares of Pinterest from a “buy” rating to a “neutral” rating in a research report on Thursday, March 17th. Twenty investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.73.

In other Pinterest news, CEO Benjamin Silbermann sold 59,154 shares of the stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $20.58, for a total value of $1,217,389.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd R. Morgenfeld sold 63,650 shares of the stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $25.47, for a total value of $1,621,165.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 352,848 shares of company stock valued at $8,090,398. Company insiders own 8.45% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PINS. EverSource Wealth Advisors LLC purchased a new position in shares of Pinterest in the 4th quarter valued at approximately $38,000. Penserra Capital Management LLC raised its stake in Pinterest by 25.7% during the fourth quarter. Penserra Capital Management LLC now owns 2,474 shares of the company’s stock valued at $89,000 after buying an additional 506 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Pinterest during the fourth quarter valued at $274,000. JustInvest LLC raised its stake in Pinterest by 120.8% during the fourth quarter. JustInvest LLC now owns 9,499 shares of the company’s stock valued at $345,000 after buying an additional 5,197 shares during the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new position in Pinterest during the fourth quarter valued at $566,000.

Pinterest Company Profile (Get Rating)

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

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Earnings History for Pinterest (NYSE:PINS)

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