Pinterest, Inc. (NYSE:PINS - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $23.19, but opened at $22.09. Pinterest shares last traded at $22.0750, with a volume of 1,469,363 shares.
Analyst Ratings Changes
A number of equities analysts recently weighed in on PINS shares. Guggenheim raised their price objective on Pinterest from $24.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Wells Fargo & Company increased their price target on shares of Pinterest from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Royal Bank Of Canada lifted their price target on shares of Pinterest from $23.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. DA Davidson boosted their price objective on shares of Pinterest from $26.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, Rosenblatt Securities upped their price objective on shares of Pinterest from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $27.90.
View Our Latest Stock Report on Pinterest
Pinterest Price Performance
The firm has a fifty day moving average of $22.80 and a two-hundred day moving average of $20.52. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $12.12 billion, a PE ratio of 63.65, a PEG ratio of 1.29 and a beta of 0.90.
Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Research analysts anticipate that Pinterest, Inc. will post 0.59 EPS for the current fiscal year.
Insider Buying and Selling at Pinterest
In other Pinterest news, CFO Donnelly Julia Brau sold 59,096 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $23.48, for a total value of $1,387,574.08. Following the sale, the chief financial officer owned 817,409 shares of the company's stock, valued at $19,192,763.32. This trade represents a 6.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $21.15, for a total transaction of $991,406.25. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 555,344 shares of company stock worth $12,335,578. 8.09% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Snowden Capital Advisors LLC boosted its stake in Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company's stock worth $253,000 after acquiring an additional 296 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings 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 during the last quarter. CIBC Asset Management Inc boosted its position in shares of Pinterest by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company's stock worth $684,000 after purchasing an additional 560 shares in the last quarter. Coyle Financial Counsel LLC grew its stake in shares of Pinterest by 5.9% in the 4th quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company's stock worth $274,000 after buying an additional 587 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company's stock valued at $339,000 after buying an additional 607 shares in the last quarter. Institutional investors own 88.81% of the company's stock.
Pinterest Company Profile
(
Get Free Report)
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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