Pinterest, Inc. (NYSE:PINS - Get Free Report) CAO Andrea Acosta sold 3,941 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.75, for a total value of $140,890.75. Following the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,152,611.75. This trade represents a 2.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Andrea Acosta also recently made the following trade(s):
Shares of NYSE PINS traded down $0.15 during mid-day trading on Friday, reaching $34.37. 9,081,567 shares of the company were exchanged, compared to its average volume of 9,600,373. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The stock has a market capitalization of $23.31 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.95 and a beta of 1.02. The company's 50-day simple moving average is $34.13 and its 200-day simple moving average is $32.27.
Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. As a group, equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.
Several research firms have recently weighed in on PINS. Sanford C. Bernstein upgraded Pinterest from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $34.00 to $47.00 in a report on Friday, February 7th. Wells Fargo & Company lifted their price target on shares of Pinterest from $39.00 to $47.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Benchmark raised shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Friday, February 7th. Raymond James boosted their price objective on shares of Pinterest from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Guggenheim upped their target price on shares of Pinterest from $33.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.47.
Read Our Latest Stock Analysis on PINS
Institutional investors have recently modified their holdings of the business. Whipplewood Advisors LLC bought a new stake in Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC raised its position in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after buying an additional 415 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock valued at $37,000 after buying an additional 550 shares during the period. Strategic Investment Solutions Inc. IL grew its position in Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after buying an additional 1,204 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock valued at $49,000 after acquiring an additional 1,487 shares in the last quarter. Institutional investors own 88.81% of the company's stock.
Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.
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