Evan Sharp Sells 62,500 Shares of Pinterest (NYSE:PINS) Stock

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Pinterest (NYSE:PINS) insider Evan Sharp sold 62,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $24.98, for a total value of $1,561,250.00. Following the completion of the sale, the insider now owns 62,500 shares in the company, valued at approximately $1,561,250. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Evan Sharp also recently made the following trade(s):

  • On Monday, July 20th, Evan Sharp sold 62,500 shares of Pinterest stock. The stock was sold at an average price of $24.99, for a total value of $1,561,875.00.
  • On Monday, July 13th, Evan Sharp sold 62,500 shares of Pinterest stock. The stock was sold at an average price of $26.93, for a total value of $1,683,125.00.
  • On Monday, July 6th, Evan Sharp sold 62,500 shares of Pinterest stock. The stock was sold at an average price of $24.98, for a total value of $1,561,250.00.

Shares of NYSE PINS opened at $34.29 on Friday. Pinterest has a 12-month low of $10.10 and a 12-month high of $36.83. The company has a market cap of $20.11 billion, a P/E ratio of -10.85 and a beta of 1.56. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $23.92 and a 200 day moving average price of $20.41.

Pinterest (NYSE:PINS) last announced its earnings results on Friday, July 31st. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.24. The company had revenue of $272.30 million during the quarter, compared to the consensus estimate of $254.79 million. Pinterest had a negative return on equity of 73.06% and a negative net margin of 120.48%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. On average, sell-side analysts forecast that Pinterest will post -0.76 EPS for the current fiscal year.

PINS has been the topic of a number of research reports. UBS Group upgraded Pinterest from a “neutral” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Friday. Morgan Stanley upped their price target on Pinterest from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Deutsche Bank upped their target price on Pinterest from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Nomura Securities reaffirmed a “buy” rating and issued a $32.00 target price on shares of Pinterest in a research note on Sunday, April 19th. Finally, Nomura reduced their target price on Pinterest from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Pinterest currently has a consensus rating of “Hold” and an average target price of $26.27.

Institutional investors have recently made changes to their positions in the company. Comerica Bank acquired a new position in Pinterest in the second quarter worth approximately $441,000. Sigma Planning Corp grew its position in Pinterest by 41.0% in the second quarter. Sigma Planning Corp now owns 40,531 shares of the company’s stock worth $899,000 after buying an additional 11,789 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Pinterest in the second quarter worth approximately $475,000. Flagship Harbor Advisors LLC grew its position in Pinterest by 152.2% in the second quarter. Flagship Harbor Advisors LLC now owns 1,135 shares of the company’s stock worth $25,000 after buying an additional 685 shares during the last quarter. Finally, UBS Group AG grew its position in Pinterest by 45.2% in the second quarter. UBS Group AG now owns 1,022,216 shares of the company’s stock worth $22,663,000 after buying an additional 318,154 shares during the last quarter. Institutional investors own 46.20% of the company’s stock.

About Pinterest

Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.

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

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