Pinterest, Inc. (NYSE:PINS) CAO Sells $168,795.50 in Stock

Pinterest, Inc. (NYSE:PINSGet Free Report) CAO Andrea Acosta sold 3,845 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $43.90, for a total value of $168,795.50. Following the completion of the transaction, the chief accounting officer now owns 189,470 shares in the company, valued at approximately $8,317,733. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pinterest Stock Up 0.8 %

PINS traded up $0.33 during trading on Monday, reaching $43.84. 9,399,528 shares of the company’s stock were exchanged, compared to its average volume of 9,676,037. The company has a market capitalization of $29.95 billion, a P/E ratio of 208.72, a PEG ratio of 4.27 and a beta of 0.97. The business has a 50 day moving average price of $39.11 and a 200 day moving average price of $37.23. Pinterest, Inc. has a fifty-two week low of $23.59 and a fifty-two week high of $44.68.

Pinterest (NYSE:PINSGet Free Report) last posted its earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. The business had revenue of $739.98 million for the quarter, compared to analysts’ expectations of $699.96 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. As a group, research analysts forecast that Pinterest, Inc. will post 0.44 EPS for the current year.

Analysts Set New Price Targets

PINS has been the topic of several analyst reports. Wells Fargo & Company increased their price target on shares of Pinterest from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Royal Bank of Canada raised their target price on Pinterest from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of Pinterest in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets upped their target price on Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.34.

View Our Latest Stock Report on Pinterest

Hedge Funds Weigh In On Pinterest

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Family Office LLC acquired a new position in Pinterest in the third quarter valued at about $406,000. Blair William & Co. IL grew its stake in Pinterest by 4.8% during the third quarter. Blair William & Co. IL now owns 10,139 shares of the company’s stock worth $274,000 after buying an additional 466 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Pinterest by 7.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 211,686 shares of the company’s stock worth $5,639,000 after buying an additional 14,299 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Pinterest by 19.6% during the third quarter. PNC Financial Services Group Inc. now owns 13,166 shares of the company’s stock worth $356,000 after buying an additional 2,154 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its stake in Pinterest by 10.6% during the third quarter. Rafferty Asset Management LLC now owns 67,852 shares of the company’s stock worth $1,834,000 after buying an additional 6,525 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

(Get Free Report)

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.

Further Reading

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

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.