Wanjiku Juanita Walcott Sells 14,208 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) insider Wanjiku Juanita Walcott sold 14,208 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total transaction of $279,187.20. Following the sale, the insider directly owned 691,840 shares in the company, valued at $13,594,656. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wanjiku Juanita Walcott also recently made the following trade(s):

• On Friday, May 29th, Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02.

Pinterest Stock Performance

NYSE:PINS opened at $20.79 on Friday. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 1.11 and a beta of 0.92. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The business has a 50 day moving average of $20.37 and a 200 day moving average of $21.21.

Pinterest (NYSE:PINS) last announced its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 EPS. On average, sell-side analysts predict that Pinterest, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Snowden Capital Advisors LLC boosted its position in shares of Pinterest by 4.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares in the last quarter. EP Wealth Advisors LLC raised its position in Pinterest by 3.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Pinterest by 0.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock valued at $2,484,000 after purchasing an additional 464 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Pinterest by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after buying an additional 535 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Pinterest by 2.2% during the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock valued at $684,000 after purchasing an additional 560 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on PINS shares. Oppenheimer upped their price objective on Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Rosenblatt Securities upped their target price on shares of Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Wells Fargo & Company lifted their price target on shares of Pinterest from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $28.00 target price on shares of Pinterest in a report on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.40.

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.