Andrea Acosta Sells 3,759 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS - Get Free Report) CAO Andrea Acosta sold 3,759 shares of Pinterest stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $31.86, for a total transaction of $119,761.74. Following the completion of the sale, the chief accounting officer now directly owns 171,373 shares of the company's stock, valued at approximately $5,459,943.78. The trade was a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Andrea Acosta also recently made the following trade(s):

• On Thursday, March 6th, Andrea Acosta sold 3,941 shares of Pinterest stock. The shares were sold at an average price of $35.75, for a total value of $140,890.75.
• On Monday, February 24th, Andrea Acosta sold 3,667 shares of Pinterest stock. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82.

Pinterest Stock Performance

Shares of PINS traded down $0.01 on Wednesday, hitting $31.48. 8,389,060 shares of the stock traded hands, compared to its average volume of 10,824,461. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The company has a market capitalization of $21.35 billion, a PE ratio of 11.70, a P/E/G ratio of 1.95 and a beta of 0.83. The business has a 50 day simple moving average of $28.70 and a 200 day simple moving average of $31.19.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The company had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business's revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 EPS. On average, equities analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently modified their holdings of PINS. Anderson Financial Strategies LLC bought a new position in Pinterest in the 1st quarter worth approximately $60,000. Strs Ohio purchased a new position in Pinterest during the first quarter valued at $15,035,000. Geneos Wealth Management Inc. increased its holdings in Pinterest by 139.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,400 shares of the company's stock valued at $105,000 after acquiring an additional 1,980 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Pinterest by 4.6% in the 1st quarter. IFM Investors Pty Ltd now owns 115,323 shares of the company's stock worth $3,575,000 after purchasing an additional 5,072 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new stake in Pinterest in the 1st quarter worth $2,945,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PINS. Monness Crespi & Hardt cut their target price on Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Stifel Nicolaus lowered their price target on shares of Pinterest from $50.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Roth Capital set a $32.00 price objective on shares of Pinterest in a report on Monday, February 3rd. Benchmark decreased their target price on shares of Pinterest from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, Wedbush reissued an "outperform" rating and issued a $40.00 target price (up previously from $38.00) on shares of Pinterest in a research note on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat.com, Pinterest presently has a consensus rating of "Moderate Buy" and an average price target of $40.26.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.