Pinterest (NYSE:PINS) CFO Donnelly Julia Brau Sells 22,821 Shares

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the sale, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Pinterest Stock Down 0.9%

Shares of NYSE:PINS opened at $25.89 on Tuesday. The business’s 50 day moving average is $27.84 and its 200 day moving average is $32.79. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.66 and a beta of 0.89.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $665.93 million for the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%. As a group, equities research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PINS has been the subject of several analyst reports. Guggenheim decreased their price objective on shares of Pinterest from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 target price (down from $49.00) on shares of Pinterest in a report on Wednesday, November 5th. Piper Sandler reiterated a “neutral” rating and set a $33.00 price target (down from $35.00) on shares of Pinterest in a report on Wednesday, November 5th. Royal Bank Of Canada cut their price objective on Pinterest from $45.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Finally, Morgan Stanley decreased their target price on Pinterest from $41.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.97.

Institutional Trading of Pinterest

A number of large investors have recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in shares of Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after buying an additional 506 shares during the last quarter. N.E.W. Advisory Services LLC raised its stake in Pinterest by 505.7% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after purchasing an additional 883 shares during the last quarter. West Branch Capital LLC purchased a new stake in Pinterest during the second quarter valued at about $36,000. Finally, Wellington Shields Capital Management LLC bought a new position in Pinterest during the second quarter worth about $40,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Company Profile

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.