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

Pinterest, Inc. (NYSE:PINS) CFO Donnelly Julia Brau sold 59,096 shares of Pinterest stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $23.48, for a total value of $1,387,574.08. Following the completion of the sale, the chief financial officer owned 817,409 shares in the company, valued at approximately $19,192,763.32. This represents a 6.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Price Performance

PINS opened at $23.73 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 3.81. The stock has a market capitalization of $13.29 billion, a PE ratio of 69.80, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The stock’s 50 day moving average price is $22.12 and its 200-day moving average price is $20.48. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $38.57.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter 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. On average, equities research analysts predict that Pinterest, Inc. will post 0.63 EPS for the current year.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PINS. Yousif Capital Management LLC boosted its stake in Pinterest by 2,298.3% during the 4th quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock valued at $4,701,000 after purchasing an additional 177,449 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of Pinterest by 61.2% in the 4th quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after purchasing an additional 150,900 shares in the last quarter. Amundi raised its stake in shares of Pinterest by 38.3% in the first quarter. Amundi now owns 3,200,829 shares of the company’s stock worth $58,703,000 after purchasing an additional 885,927 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Pinterest during the fourth quarter valued at $12,812,000. Finally, KLP Kapitalforvaltning AS lifted its holdings in shares of Pinterest by 103.4% during the fourth quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company’s stock valued at $21,709,000 after purchasing an additional 426,300 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PINS shares. Guggenheim upped their target price on Pinterest from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. Robert W. Baird upped their price target on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays increased their price objective on Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price objective on Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.90.

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.