Pinterest, Inc. (NYSE:PINS) Short Interest Update

Pinterest, Inc. (NYSE:PINS) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 38,630,865 shares, a growth of 26.7% from the February 12th total of 30,500,004 shares. Currently, 6.3% of the shares of the company are sold short. Based on an average trading volume of 24,939,928 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 24,939,928 shares, the short-interest ratio is currently 1.5 days. Currently, 6.3% of the shares of the company are sold short.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $590,151.06. Following the sale, the chief financial officer owned 540,358 shares of the company’s stock, valued at $13,973,657.88. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the transaction, the insider directly owned 695,187 shares of the company’s stock, valued at $15,335,825.22. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 34,457 shares of company stock worth $876,925. Corporate insiders own 7.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PINS. Elevated Capital Advisors LLC acquired a new position in Pinterest in the 4th quarter worth approximately $26,000. N.E.W. Advisory Services LLC raised its stake in Pinterest by 505.7% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in shares of Pinterest by 3,839.1% in the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after purchasing an additional 883 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Pinterest by 2,017.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Addison Advisors LLC boosted its position in shares of Pinterest by 727.3% in the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after buying an additional 1,200 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Trading Up 0.5%

Shares of NYSE PINS traded up $0.08 during mid-day trading on Monday, reaching $18.26. The company had a trading volume of 24,360,950 shares, compared to its average volume of 23,079,022. The company has a 50-day moving average price of $21.17 and a two-hundred day moving average price of $27.12. The stock has a market cap of $12.15 billion, a PE ratio of 29.94, a P/E/G ratio of 1.21 and a beta of 0.93. Pinterest has a 1-year low of $13.84 and a 1-year high of $39.93.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $20.00 target price (down from $36.00) on shares of Pinterest in a research report on Friday, February 13th. Barclays decreased their price target on Pinterest from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. Cantor Fitzgerald set a $18.00 price objective on shares of Pinterest in a research note on Friday, February 13th. BMO Capital Markets set a $28.00 price objective on shares of Pinterest and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company lowered their target price on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. One 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.87.

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.