Claude Leonard Brown Sells 12,240 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) insider Claude Leonard Brown sold 12,240 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $23.88, for a total transaction of $292,291.20. Following the completion of the sale, the insider directly owned 1,206,834 shares of the company’s stock, valued at $28,819,195.92. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Trading Up 1.8%

PINS opened at $23.31 on Friday. The firm’s fifty day moving average is $22.31 and its two-hundred day moving average is $20.39. The firm has a market cap of $13.06 billion, a PE ratio of 68.57, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $38.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (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 company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. Equities research analysts anticipate that Pinterest, Inc. will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in Pinterest in the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its position in Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after acquiring an additional 1,049 shares during the last quarter. Addison Advisors LLC boosted its position in Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the last quarter. Garner Asset Management Corp bought a new position in shares of Pinterest during the 4th quarter worth approximately $36,000. Finally, Summit Securities Group LLC bought a new position in shares of Pinterest during the 1st quarter worth approximately $43,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Wedbush reiterated a “neutral” rating and set a $24.00 price objective on shares of Pinterest in a report on Wednesday, August 5th. Robert W. Baird increased their target price on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Guggenheim lifted their price target on shares of Pinterest from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.90.

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.