Daiwa Securities Group Inc. Sells 32,400 Shares of Pinterest, Inc. $PINS

Daiwa Securities Group Inc. cut its stake in Pinterest, Inc. (NYSE:PINS) by 38.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 50,896 shares of the company’s stock after selling 32,400 shares during the period. Daiwa Securities Group Inc.’s holdings in Pinterest were worth $1,318,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in Pinterest by 30.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,036,157 shares of the company’s stock worth $33,333,000 after buying an additional 241,527 shares during the last quarter. Yousif Capital Management LLC lifted its position in Pinterest by 2,298.3% in the fourth quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock worth $4,701,000 after buying an additional 177,449 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in Pinterest in the third quarter worth $2,280,000. Korea Investment CORP lifted its position in Pinterest by 82.7% in the third quarter. Korea Investment CORP now owns 703,483 shares of the company’s stock worth $22,631,000 after buying an additional 318,351 shares during the last quarter. Finally, Forsta AP Fonden lifted its position in shares of Pinterest by 61.2% during the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after purchasing an additional 150,900 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

PINS stock opened at $21.78 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The business has a 50-day moving average price of $19.88 and a 200 day moving average price of $21.67. The company has a market capitalization of $12.20 billion, a P/E ratio of 45.38, a PEG ratio of 1.19 and a beta of 0.92. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

More Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest announced an expanded partnership with Amazon that brings Amazon Storefronts into the Pinterest app, giving creators a new way to showcase products and earn affiliate revenue. This could improve engagement and help Pinterest monetize its user base more effectively. TechCrunch article
• Positive Sentiment: Other reports highlighted the same Amazon storefront integration as a creator-focused initiative, reinforcing the view that Pinterest is strengthening its commerce and affiliate ecosystem. CNET article
• Positive Sentiment: Recent commentary has also pointed to accelerating monetization, solid user growth, and attractive valuation metrics, which may be helping investors view Pinterest as a rebound candidate. Seeking Alpha article
• Neutral Sentiment: Pinterest has been drawing elevated attention from market watchers and Zacks users, which may be contributing to trading volume but does not by itself change the business outlook. Zacks article
• Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged 10b5-1 plan, a move that can weigh on sentiment even though the sale was scheduled in advance and disclosed to regulators. Insider trade reference

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PINS shares. TD Cowen lifted their target price on Pinterest from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Cantor Fitzgerald set a $18.00 target price on Pinterest in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $24.00 target price on shares of Pinterest in a research report on Tuesday, May 5th. Oppenheimer lifted their target price on Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Guggenheim lifted their target price on Pinterest from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.40.

Insider Activity at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total value of $559,315.02. Following the completion of the sale, the insider directly owned 724,673 shares in the company, valued at $14,826,809.58. The trade was a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the sale, the director owned 27,450 shares of the company’s stock, valued at $549,000. The trade was a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 124,237 shares of company stock worth $2,604,190 over the last three months. 8.09% of the stock is owned by corporate insiders.

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.