Donnelly Julia Brau Sells 59,096 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 59,096 shares of Pinterest stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $23.48, for a total value of $1,387,574.08. Following the completion of the transaction, the chief financial officer owned 817,409 shares in the company, valued at $19,192,763.32. This trade represents a 6.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Stock Performance

PINS stock opened at $23.73 on Friday. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 69.80, a PEG ratio of 1.27 and a beta of 0.90. The firm has a 50-day simple moving average of $22.12 and a two-hundred day simple moving average of $20.48. Pinterest, Inc. has a one year low of $13.84 and a one year high of $38.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 3.81.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, equities analysts forecast that Pinterest, Inc. will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PINS. DA Davidson upped their price target on Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $30.00 price objective on shares of Pinterest in a research report on Wednesday. Susquehanna restated a “positive” rating on shares of Pinterest in a research note on Wednesday. Citigroup upped their target price on Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, TD Cowen reiterated a “buy” rating on shares of Pinterest in a research note on Monday, June 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.90.

Hedge Funds Weigh In On Pinterest

A number of institutional investors have recently bought and sold shares of the business. Revolve Wealth Partners LLC acquired a new stake in shares of Pinterest in the fourth quarter worth $252,000. Integrated Wealth Concepts LLC boosted its holdings in Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after purchasing an additional 607 shares during the last quarter. Empowered Funds LLC grew its position in Pinterest by 45.6% during the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after purchasing an additional 4,748 shares during the period. Sivia Capital Partners LLC grew its position in Pinterest by 39.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after purchasing an additional 2,649 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Pinterest during the 2nd quarter valued at about $696,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

More Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q2 results beat expectations: Pinterest reported adjusted earnings of $0.43 per share versus the $0.36 consensus estimate, while revenue reached $1.18 billion compared with expectations of $1.15 billion. Revenue grew 18.2% year over year. Pinterest’s Q2 Earnings Top Estimates on AI-Led Ad Growth
• Positive Sentiment: AI is supporting monetization: AI-powered advertising, stronger monetization and record user growth helped drive the quarterly outperformance and contributed to a more constructive outlook. Spotify and Pinterest Delivered the Growth. Investors Wanted More
• Positive Sentiment: Analyst sentiment was broadly supportive: UBS initiated or reiterated a Buy rating, Cantor Fitzgerald assigned an Overweight rating, and Evercore raised its price target to $29. RBC also increased its target to $25. Guggenheim, Morgan Stanley, Robert W. Baird and Rosenblatt analysts expressed expectations for further appreciation. Evercore Boosts Pinterest Price Target
• Neutral Sentiment: Valuation remains a debate: Some analysts view the post-earnings weakness as a buying opportunity, citing Pinterest’s high-intent users, high-teens revenue growth and disciplined expense management. Pinterest: Despite North American User Choppiness, Worth The Cheap Multiples
• Negative Sentiment: Key risks limited the reaction: Investors were disappointed by at least one user-related metric, particularly choppiness in North American users. Monetization initiatives are also creating margin pressure, while Wedbush maintained a Neutral or Hold rating. PINS Q2 Deep Dive

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.