Pinterest (NYSE:PINS) CFO Donnelly Julia Brau Sells 59,096 Shares

Key Points

• Pinterest CFO Donnelly Julia Brau sold 59,096 shares at an average price of $23.48, generating approximately $1.39 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving her with 817,409 shares.
• Pinterest’s latest quarterly results exceeded expectations, with earnings of $0.43 per share versus $0.36 expected and revenue of $1.18 billion, up 18.2% year over year.
• Shares rose 1.7% to $23.73, while analysts maintained a mixed but generally constructive view; the consensus rating was Hold with an average price target of $28.88.

Pinterest, Inc. (NYSE:PINS - Get Free Report) CFO Donnelly Julia Brau sold 59,096 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the transaction, the chief financial officer directly owned 817,409 shares in the company, valued at $19,192,763.32. The trade was a 6.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Stock Up 1.7%

PINS stock traded up $0.40 during midday trading on Friday, reaching $23.73. The company had a trading volume of 12,423,903 shares, compared to its average volume of 17,895,637. The company has a 50 day moving average of $22.04 and a two-hundred day moving average of $20.46. The company has a market capitalization of $13.29 billion, a P/E ratio of 69.80, a PEG ratio of 1.38 and a beta of 0.90. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $38.57. The company has a current ratio of 3.81, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the company posted $0.33 EPS. Pinterest's revenue was up 18.2% on a year-over-year basis. On average, equities research analysts expect that Pinterest, Inc. will post 0.63 earnings per share for the current fiscal year.

Trending Headlines about Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q2 results beat expectations: Pinterest reported adjusted earnings of $0.43 per share versus the $0.36 consensus estimate, while revenue reached $1.18 billion compared with expectations of $1.15 billion. Revenue grew 18.2% year over year. Pinterest's Q2 Earnings Top Estimates on AI-Led Ad Growth
• Positive Sentiment: AI is supporting monetization: AI-powered advertising, stronger monetization and record user growth helped drive the quarterly outperformance and contributed to a more constructive outlook. Spotify and Pinterest Delivered the Growth. Investors Wanted More
• Positive Sentiment: Analyst sentiment was broadly supportive: UBS initiated or reiterated a Buy rating, Cantor Fitzgerald assigned an Overweight rating, and Evercore raised its price target to $29. RBC also increased its target to $25. Guggenheim, Morgan Stanley, Robert W. Baird and Rosenblatt analysts expressed expectations for further appreciation. Evercore Boosts Pinterest Price Target
• Neutral Sentiment: Valuation remains a debate: Some analysts view the post-earnings weakness as a buying opportunity, citing Pinterest’s high-intent users, high-teens revenue growth and disciplined expense management. Pinterest: Despite North American User Choppiness, Worth The Cheap Multiples
• Negative Sentiment: Key risks limited the reaction: Investors were disappointed by at least one user-related metric, particularly choppiness in North American users. Monetization initiatives are also creating margin pressure, while Wedbush maintained a Neutral or Hold rating. PINS Q2 Deep Dive

Analyst Ratings Changes

Several brokerages have recently issued reports on PINS. UBS Group lifted their price target on Pinterest from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday. Weiss Ratings upgraded Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 28th. Piper Sandler reaffirmed a "neutral" rating and set a $26.00 price objective (up from $21.00) on shares of Pinterest in a research report on Tuesday, May 5th. BMO Capital Markets lifted their target price on shares of Pinterest from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $24.00 target price on shares of Pinterest in a research report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company's stock. According to data from MarketBeat, Pinterest currently has an average rating of "Hold" and a consensus price target of $28.88.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Snowden Capital Advisors LLC grew its holdings in shares of Pinterest by 4.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company's stock worth $253,000 after acquiring an additional 296 shares during the period. EP Wealth Advisors LLC boosted its position in shares of Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company's stock valued at $340,000 after purchasing an additional 358 shares in the last quarter. Simon Quick Advisors LLC grew its stake in Pinterest by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company's stock worth $265,000 after purchasing an additional 535 shares during the period. CIBC Asset Management Inc grew its stake in Pinterest by 2.2% in the fourth quarter. CIBC Asset Management Inc now owns 26,434 shares of the company's stock worth $684,000 after purchasing an additional 560 shares during the period. Finally, Coyle Financial Counsel LLC raised its holdings in Pinterest by 5.9% in the fourth quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company's stock worth $274,000 after purchasing an additional 587 shares in the last quarter. 88.81% of the stock is owned by 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.

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