Pinterest, Inc. (NYSE:PINS) Insider Christine Deputy Sells 45,153 Shares of Stock

Pinterest, Inc. (NYSE:PINS) insider Christine Deputy sold 45,153 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $26.48, for a total value of $1,195,651.44. Following the completion of the sale, the insider now directly owns 349,836 shares in the company, valued at $9,263,657.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Christine Deputy also recently made the following trade(s):

• On Monday, August 21st, Christine Deputy sold 45,153 shares of Pinterest stock. The stock was sold at an average price of $27.26, for a total value of $1,230,870.78.

Pinterest Price Performance

Shares of PINS opened at $25.39 on Tuesday. Pinterest, Inc. has a one year low of $20.60 and a one year high of $30.86. The firm has a market capitalization of $17.01 billion, a P/E ratio of -59.05, a PEG ratio of 82.00 and a beta of 1.03. The business has a fifty day moving average of $27.45 and a 200 day moving average of $26.14.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.06. Pinterest had a negative return on equity of 4.59% and a negative net margin of 10.14%. The company had revenue of $708.03 million during the quarter, compared to analyst estimates of $698.28 million. Analysts expect that Pinterest, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Pinterest by 1.9% during the first quarter. Vanguard Group Inc. now owns 50,128,803 shares of the company’s stock valued at $1,233,670,000 after buying an additional 958,619 shares during the last quarter. BlackRock Inc. raised its stake in shares of Pinterest by 1.6% in the second quarter. BlackRock Inc. now owns 34,476,228 shares of the company’s stock worth $942,580,000 after buying an additional 545,900 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Pinterest by 28.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,743,947 shares of the company’s stock worth $702,039,000 after buying an additional 5,670,073 shares during the period. Amundi raised its stake in shares of Pinterest by 32.3% in the fourth quarter. Amundi now owns 21,631,690 shares of the company’s stock worth $584,272,000 after buying an additional 5,285,682 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Pinterest by 22.7% in the first quarter. Macquarie Group Ltd. now owns 18,300,308 shares of the company’s stock worth $499,049,000 after buying an additional 3,385,379 shares during the period. 72.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PINS. Evercore ISI raised Pinterest from an “in-line” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Monday, July 17th. Wedbush initiated coverage on shares of Pinterest in a research note on Monday, August 21st. They set a “neutral” rating and a $30.00 target price for the company. Wolfe Research raised their target price on shares of Pinterest from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Pinterest in a research note on Tuesday, August 22nd. Finally, Rosenblatt Securities raised Pinterest from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $27.00 to $35.00 in a research report on Wednesday, August 2nd. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.58.

About Pinterest

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find ideas, such as recipes, home and style inspiration, and others; provides video, product, and idea pins; and offers organizing and planning tools. It shows organic recommendations and advertising engine based on pinners tastes and preferences; and enables pinners with shoppable product pins, which include price, color, and size that redirect to retailer websites.