Malik Ducard Sells 2,293 Shares of Pinterest (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) insider Malik Ducard sold 2,293 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $26.18, for a total value of $60,030.74. Following the completion of the transaction, the insider directly owned 697,480 shares in the company, valued at approximately $18,260,026.40. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Malik Ducard also recently made the following trade(s):

• On Wednesday, December 24th, Malik Ducard sold 6,000 shares of Pinterest stock. The stock was sold at an average price of $25.86, for a total value of $155,160.00.

Pinterest Price Performance

Shares of Pinterest stock traded up $0.56 during trading on Tuesday, hitting $27.06. 10,024,387 shares of the company were exchanged, compared to its average volume of 15,037,334. The firm has a market capitalization of $18.28 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The firm’s fifty day moving average price is $26.95 and its 200 day moving average price is $32.44. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90.

Pinterest (NYSE:PINS) last issued its earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The firm had revenue of $665.93 million during the quarter. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC lifted its position in Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after buying an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC grew its holdings in shares of Pinterest by 505.7% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Pinterest by 3,839.1% in the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after acquiring an additional 883 shares during the last quarter. West Branch Capital LLC bought a new stake in Pinterest during the second quarter worth about $36,000. Finally, Wellington Shields Capital Management LLC bought a new stake in Pinterest during the second quarter worth about $40,000. Institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PINS shares. Mizuho began coverage on Pinterest in a report on Monday, September 29th. They issued an “outperform” rating and a $50.00 price target for the company. Guggenheim dropped their target price on shares of Pinterest from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Evercore ISI reduced their price target on shares of Pinterest from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. UBS Group lowered their price objective on shares of Pinterest from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Wall Street Zen lowered shares of Pinterest from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.72.

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.