Pinterest (NYSE:PINS) insider Evan Sharp sold 62,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $24.98, for a total transaction of $1,561,250.00. Following the completion of the transaction, the insider now directly owns 62,500 shares in the company, valued at approximately $1,561,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Evan Sharp also recently made the following trade(s):

  • On Monday, July 20th, Evan Sharp sold 62,500 shares of Pinterest stock. The stock was sold at an average price of $24.99, for a total transaction of $1,561,875.00.
  • On Monday, July 13th, Evan Sharp sold 62,500 shares of Pinterest stock. The stock was sold at an average price of $26.93, for a total transaction of $1,683,125.00.
  • On Monday, July 6th, Evan Sharp sold 62,500 shares of Pinterest stock. The stock was sold at an average price of $24.98, for a total transaction of $1,561,250.00.

Shares of PINS opened at $34.29 on Friday. The company’s fifty day moving average is $23.92 and its 200 day moving average is $20.41. Pinterest has a fifty-two week low of $10.10 and a fifty-two week high of $36.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 11.60 and a current ratio of 11.60.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.23. Pinterest had a negative net margin of 120.48% and a negative return on equity of 73.06%. The company had revenue of $272.30 million for the quarter, compared to analysts’ expectations of $254.79 million. During the same quarter in the previous year, the business posted ($0.06) earnings per share. Pinterest’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Pinterest will post -0.76 earnings per share for the current year.

PINS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Pinterest from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, May 12th. Pivotal Research raised their target price on shares of Pinterest from $19.50 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Nomura Securities restated a “buy” rating and set a $32.00 target price on shares of Pinterest in a research note on Sunday, April 19th. Credit Suisse Group raised their target price on shares of Pinterest from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Finally, Goldman Sachs Group raised their target price on shares of Pinterest from $17.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. They noted that the move was a valuation call. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.27.

A number of institutional investors and hedge funds have recently made changes to their positions in PINS. Flagship Harbor Advisors LLC increased its position in Pinterest by 152.2% in the second quarter. Flagship Harbor Advisors LLC now owns 1,135 shares of the company’s stock worth $25,000 after purchasing an additional 685 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in Pinterest in the second quarter worth $26,000. Column Capital Advisors LLC bought a new stake in Pinterest in the first quarter worth $31,000. Credit Agricole S A bought a new stake in Pinterest in the first quarter worth $31,000. Finally, Synovus Financial Corp bought a new stake in Pinterest in the first quarter worth $37,000. Institutional investors own 46.20% of the company’s stock.

About Pinterest

Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.

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Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

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