Pinterest, Inc. (NYSE:PINS – Get Free Report) insider Christine Deputy sold 7,447 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $29.00, for a total transaction of $215,963.00. Following the transaction, the insider now directly owns 308,934 shares of the company’s stock, valued at $8,959,086. The sale was disclosed in a document filed with the SEC, which is available through this link.
Christine Deputy also recently made the following trade(s):
On Wednesday, September 27th, Christine Deputy sold 14,896 shares of Pinterest stock. The stock was sold at an average price of $26.08, for a total transaction of $388,487.68.
On Thursday, September 14th, Christine Deputy sold 45,153 shares of Pinterest stock. The stock was sold at an average price of $26.48, for a total transaction of $1,195,651.44.
On Monday, August 21st, Christine Deputy sold 45,153 shares of Pinterest stock. The stock was sold at an average price of $27.26, for a total transaction of $1,230,870.78.
Pinterest Stock Performance
Shares of PINS stock traded down $0.70 during midday trading on Thursday, reaching $27.76. 7,831,643 shares of the company were exchanged, compared to its average volume of 11,219,243. Pinterest, Inc. has a 12 month low of $20.60 and a 12 month high of $30.86. The company has a market cap of $18.60 billion, a P/E ratio of -66.18, a PEG ratio of 59.33 and a beta of 1.01. The company’s 50 day moving average price is $26.92 and its two-hundred day moving average price is $26.24.
Pinterest (NYSE:PINS – Get Free Report) last released its earnings results on Tuesday, August 1st. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. The business had revenue of $708.03 million for the quarter, compared to the consensus estimate of $698.28 million. Pinterest had a negative net margin of 10.14% and a negative return on equity of 4.59%. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.01 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Cohanzick Management LLC purchased a new position in shares of Pinterest in the first quarter worth approximately $25,000. Compass Wealth Management LLC purchased a new position in Pinterest during the second quarter valued at approximately $27,000. BOKF NA purchased a new position in Pinterest during the first quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV grew its position in Pinterest by 1,093.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,098 shares of the company’s stock valued at $30,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Private Trust Co. NA grew its position in Pinterest by 315.3% during the first quarter. Private Trust Co. NA now owns 1,142 shares of the company’s stock valued at $31,000 after purchasing an additional 867 shares in the last quarter. 72.63% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on PINS. Roth Mkm reaffirmed a “neutral” rating and issued a $29.00 price target on shares of Pinterest in a report on Friday, September 22nd. Citigroup raised shares of Pinterest from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $36.00 in a report on Wednesday, September 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Pinterest in a report on Tuesday, August 22nd. Evercore ISI raised shares of Pinterest from an “in-line” rating to an “outperform” rating and set a $41.00 price target for the company in a report on Monday, July 17th. Finally, Wolfe Research lifted their price target on shares of Pinterest from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Pinterest has a consensus rating of “Moderate Buy” and an average target price of $31.60.
Pinterest Company Profile
Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company’s engine allows people to find ideas, such as recipes, home and style inspiration, and others; provides video, product, and idea pins; and offers organizing and planning tools. It shows organic recommendations and advertising engine based on pinners tastes and preferences; and enables pinners with shoppable product pins, which include price, color, and size that redirect to retailer websites.