Pinterest, Inc. (NYSE:PINS – Get Free Report) insider Wanjiku Walcott sold 14,103 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $18.21, for a total value of $256,815.63. Following the completion of the transaction, the insider directly owned 658,902 shares in the company, valued at $11,998,605.42. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Pinterest Trading Up 1.4%
Shares of PINS opened at $18.70 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 55.01, a PEG ratio of 1.20 and a beta of 0.90. The stock has a fifty day moving average price of $21.97 and a two-hundred day moving average price of $20.76. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $35.42.
Pinterest (NYSE:PINS – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $0.33 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts predict that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.
Pinterest News Roundup
- Positive Sentiment: Pinterest rolled out Visual Search Ads, allowing brands to place ads in visual search results and Pin closeups and direct users to their websites. The new format, along with expanded advertiser controls and app-promotion options, could increase ad inventory and improve shopping-related revenue. Pinterest Rolls Out Visual Search Ads And Broad Ad Platform Updates
- Positive Sentiment: Analysts and investors see additional monetization headroom, particularly in international markets, where Pinterest’s advertising revenue per user remains below some peers. AI-powered personalization and shoppable content could support longer-term revenue growth if the company can fund investments without materially compressing margins. Pinterest Has Monetization Headroom
- Neutral Sentiment: Pinterest attracted elevated attention from Zacks users, but the report did not identify a new fundamental development. The company’s latest reported quarter provides supportive context: revenue increased 18.2% year over year to $1.18 billion and earnings exceeded consensus estimates. Pinterest Attracting Investor Attention
- Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares for approximately $914,000, following several earlier sales under a pre-arranged Rule 10b5-1 plan. Insider selling can weigh on sentiment, although the scheduled nature of the transactions reduces its significance as a direct signal about current business prospects. Benjamin Silbermann Sells Pinterest Shares
- Negative Sentiment: Chief legal officer Wanjiku Walcott separately sold 14,103 shares, also through a Rule 10b5-1 plan. Pinterest’s valuation remains demanding relative to its profitability, with a reported forward-looking growth profile that leaves the stock sensitive to any slowdown in advertising growth or margin expansion.
Analyst Ratings Changes
PINS has been the subject of a number of research reports. Guggenheim raised their price target on shares of Pinterest from $24.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Susquehanna reiterated a “positive” rating on shares of Pinterest in a research report on Wednesday, August 5th. DA Davidson lifted their target price on Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group upgraded Pinterest from a “hold” rating to a “buy” rating in a report on Monday, August 31st. Eighteen analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, Pinterest has an average rating of “Hold” and an average target price of $27.90.
Check Out Our Latest Research Report on Pinterest
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its holdings in Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Pinterest in the first quarter valued at $43,000. MidFirst Bank acquired a new position in shares of Pinterest in the fourth quarter valued at $44,000. Bessemer Group Inc. raised its position in shares of Pinterest by 445.1% in the first quarter. Bessemer Group Inc. now owns 3,712 shares of the company’s stock valued at $68,000 after purchasing an additional 3,031 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Pinterest in the fourth quarter valued at about $85,000. 88.81% of the stock is currently owned by institutional investors.
Pinterest Company Profile
Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.
The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.
Further Reading
- Five stocks we like better than Pinterest
- Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks
- Paychex Plunges, Providing the Entry Investors Have Been Waiting For
- The Case for Buying High-Yield General Mills Just Strengthened
- SanDisk’s $1,800 Breakout Turns Memory Hardware Into a Profit Story
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.
