Pinterest (NYSE:PINS) Announces Quarterly Earnings Results

Pinterest (NYSE:PINSGet Free Report) released its quarterly earnings results on Monday. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05, FiscalAI reports. The company 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 7.95% and a net margin of 9.87%.

Pinterest Stock Up 3.2%

Shares of NYSE:PINS traded up $0.64 during midday trading on Monday, reaching $20.86. The company’s stock had a trading volume of 35,445,190 shares, compared to its average volume of 18,206,828. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. Pinterest has a 1 year low of $13.84 and a 1 year high of $39.93. The business has a 50 day moving average price of $18.77 and a 200 day moving average price of $23.51.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

Wall Street Analyst Weigh In

PINS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $36.00) on shares of Pinterest in a research report on Friday, February 13th. Rothschild & Co Redburn set a $23.00 price objective on Pinterest and gave the company a “neutral” rating in a research report on Monday, April 27th. Evercore set a $25.00 price objective on Pinterest and gave the company an “in-line” rating in a research report on Friday, February 13th. Wedbush lowered their price objective on Pinterest from $30.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Finally, Argus downgraded Pinterest from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.40.

View Our Latest Research Report on PINS

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the sale, the director owned 27,450 shares of the company’s stock, valued at approximately $549,000. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.09% of the company’s stock.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently added to or reduced their stakes in PINS. Caitong International Asset Management Co. Ltd grew its position in Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after acquiring an additional 1,049 shares during the period. Parallel Advisors LLC grew its position in Pinterest by 43.9% during the fourth quarter. Parallel Advisors LLC now owns 4,390 shares of the company’s stock valued at $114,000 after acquiring an additional 1,340 shares during the period. Horizon Investments LLC purchased a new stake in Pinterest during the third quarter valued at about $139,000. Rakuten Securities Inc. grew its position in Pinterest by 819.6% during the second quarter. Rakuten Securities Inc. now owns 4,120 shares of the company’s stock valued at $148,000 after acquiring an additional 3,672 shares during the period. Finally, UMB Bank n.a. grew its position in Pinterest by 323.2% during the fourth quarter. UMB Bank n.a. now owns 6,869 shares of the company’s stock valued at $178,000 after acquiring an additional 5,246 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Pinterest (NYSE:PINS)

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