Wanjiku Juanita Walcott Sells 11,510 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS - Get Free Report) insider Wanjiku Juanita Walcott sold 11,510 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $35.68, for a total transaction of $410,676.80. Following the completion of the transaction, the insider owned 390,230 shares of the company's stock, valued at $13,923,406.40. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pinterest Stock Performance

Shares of NYSE PINS traded down $0.07 during mid-day trading on Monday, reaching $35.88. The company had a trading volume of 11,132,852 shares, compared to its average volume of 11,031,030. The company has a market capitalization of $24.34 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.77 and a beta of 0.91. The stock has a fifty day moving average of $31.48 and a two-hundred day moving average of $31.78. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $44.06.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. Pinterest had a net margin of 50.41% and a return on equity of 8.13%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 EPS. Sell-side analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

PINS has been the subject of a number of research analyst reports. Guggenheim cut their target price on Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus dropped their price objective on Pinterest from $50.00 to $36.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Monness Crespi & Hardt cut their price objective on Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 9th. Raymond James Financial lowered Pinterest from an "overweight" rating to a "market perform" rating in a report on Monday, April 7th. Finally, Wedbush reiterated an "outperform" rating and issued a $40.00 price target (up from $38.00) on shares of Pinterest in a research report on Friday, May 9th. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.52.

Hedge Funds Weigh In On Pinterest

Hedge funds have recently modified their holdings of the stock. Ethos Financial Group LLC lifted its holdings in shares of Pinterest by 3.1% during the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock worth $342,000 after acquiring an additional 350 shares during the period. Amalgamated Bank lifted its stake in Pinterest by 0.9% during the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company's stock worth $1,154,000 after purchasing an additional 372 shares during the period. Riverpark Capital Management LLC boosted its holdings in Pinterest by 1.2% during the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock valued at $987,000 after purchasing an additional 377 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Pinterest by 20.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company's stock valued at $75,000 after purchasing an additional 429 shares during the period. Finally, Redwood Investment Management LLC raised its holdings in shares of Pinterest by 3.2% in the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after buying an additional 495 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Company Profile

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.

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