Investors Buy Large Volume of Pinterest Call Options (NYSE:PINS)

Pinterest, Inc. (NYSE:PINS) saw some unusual options trading activity on Thursday. Stock investors purchased 66,185 call options on the stock. This is an increase of 83% compared to the typical daily volume of 36,226 call options.

Pinterest Stock Performance

NYSE PINS traded up $0.11 on Friday, reaching $18.20. 20,575,186 shares of the company’s stock traded hands, compared to its average volume of 25,504,332. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 1.20 and a beta of 0.93. The stock has a 50 day moving average price of $21.34 and a 200-day moving average price of $27.37.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business posted $0.56 earnings per share. Pinterest’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts anticipate that Pinterest will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PINS shares. HSBC cut Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price objective for the company. in a research report on Friday, January 30th. KeyCorp dropped their price target on Pinterest from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. Wells Fargo & Company cut their price objective on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. TD Cowen lowered their target price on shares of Pinterest from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Roth Mkm cut their price target on shares of Pinterest from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nineteen have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.87.

Insider Buying and Selling

In other Pinterest news, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $590,151.06. Following the sale, the chief financial officer 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Malik Ducard sold 6,000 shares of Pinterest stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $155,160.00. Following the completion of the transaction, the insider owned 699,773 shares in the company, valued at $18,096,129.78. This represents a 0.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,457 shares of company stock valued at $876,925 in the last three months. 7.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pinterest

Institutional investors have recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new stake in Pinterest during the fourth quarter worth $252,000. Integrated Wealth Concepts LLC raised its position in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after acquiring an additional 607 shares during the period. Empowered Funds LLC boosted its stake in shares of Pinterest by 45.6% during the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after acquiring an additional 4,748 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Pinterest by 39.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after acquiring an additional 2,649 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Pinterest by 67.1% in the 2nd quarter. Bank of Montreal Can now owns 113,053 shares of the company’s stock valued at $4,054,000 after purchasing an additional 45,402 shares in the last quarter. 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.