Pinterest (NYSE:PINS) Insider Wanjiku Juanita Walcott Sells 14,208 Shares of Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 14,208 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $279,187.20. Following the completion of the transaction, the insider owned 691,840 shares in the company, valued at approximately $13,594,656. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wanjiku Juanita Walcott also recently made the following trade(s):

• On Friday, May 29th, Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02.

Pinterest Stock Performance

Shares of NYSE:PINS traded down $0.38 during mid-day trading on Thursday, reaching $19.48. The company had a trading volume of 14,008,304 shares, compared to its average volume of 19,309,492. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 1.12 and a beta of 0.92. The company’s 50-day moving average price is $20.34 and its 200-day moving average price is $21.27. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PINS. Guggenheim reaffirmed a “buy” rating and set a $24.00 price objective on shares of Pinterest in a report on Monday, June 15th. TD Cowen reissued a “buy” rating on shares of Pinterest in a research report on Monday. Citigroup raised their price objective on shares of Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. Finally, Barclays raised their price target on Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.40.

Hedge Funds Weigh In On Pinterest

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

About Pinterest

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.