Pinterest, Inc. (NYSE:PINS) Short Interest Update

Pinterest, Inc. (NYSE:PINSGet Rating) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 39,890,000 shares, a growth of 31.0% from the April 15th total of 30,440,000 shares. Based on an average daily trading volume, of 13,450,000 shares, the short-interest ratio is currently 3.0 days.

Several research firms have recently commented on PINS. Robert W. Baird decreased their price target on shares of Pinterest from $53.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, February 4th. Benchmark began coverage on shares of Pinterest in a research note on Tuesday, March 1st. They set a “hold” rating on the stock. Barclays decreased their price target on shares of Pinterest from $50.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, February 4th. KeyCorp cut their price objective on shares of Pinterest from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, April 20th. Finally, Wells Fargo & Company cut their price objective on shares of Pinterest from $64.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, February 4th. Twenty analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.64.

In other Pinterest news, Director Evan Sharp sold 57,525 shares of the company’s stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $19.33, for a total transaction of $1,111,958.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Benjamin Silbermann sold 59,154 shares of the company’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $20.58, for a total transaction of $1,217,389.32. The disclosure for this sale can be found here. Insiders have sold 352,848 shares of company stock valued at $8,090,398 in the last ninety days. 7.58% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cohanzick Management LLC bought a new position in shares of Pinterest in the 1st quarter valued at about $25,000. FourThought Financial LLC grew its position in shares of Pinterest by 214.8% in the 4th quarter. FourThought Financial LLC now owns 724 shares of the company’s stock valued at $26,000 after acquiring an additional 494 shares during the period. KRS Capital Management LLC bought a new position in shares of Pinterest in the 4th quarter valued at about $26,000. Sandy Cove Advisors LLC bought a new position in shares of Pinterest in the 4th quarter valued at about $33,000. Finally, First Horizon Advisors Inc. grew its position in shares of Pinterest by 212.0% in the 1st quarter. First Horizon Advisors Inc. now owns 1,404 shares of the company’s stock valued at $35,000 after acquiring an additional 954 shares during the period. 63.76% of the stock is owned by institutional investors.

Pinterest stock traded up $0.49 during mid-day trading on Monday, reaching $21.96. The company’s stock had a trading volume of 474,351 shares, compared to its average volume of 13,557,610. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 45.02, a price-to-earnings-growth ratio of 3.84 and a beta of 1.24. Pinterest has a 12 month low of $18.32 and a 12 month high of $81.77. The business’s 50 day simple moving average is $23.18 and its 200 day simple moving average is $30.55.

Pinterest (NYSE:PINSGet Rating) last released its earnings results on Wednesday, April 27th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.21. Pinterest had a net margin of 12.48% and a return on equity of 12.69%. During the same period in the prior year, the company earned ($0.02) earnings per share. As a group, analysts predict that Pinterest will post 0.38 earnings per share for the current fiscal year.

About Pinterest (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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