Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram Sells 1,150 Shares

by · The Cerbat Gem

Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the sale, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Pinterest Price Performance

PINS traded down $0.44 on Thursday, reaching $32.93. 7,942,427 shares of the stock were exchanged, compared to its average volume of 9,411,554. Pinterest, Inc. has a fifty-two week low of $23.59 and a fifty-two week high of $45.19. The firm has a market capitalization of $22.50 billion, a PE ratio of 156.81, a PEG ratio of 2.61 and a beta of 1.01. The company’s 50-day moving average price is $31.35 and its 200 day moving average price is $36.53.

Pinterest (NYSE:PINS – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The company had revenue of $853.68 million for the quarter, compared to analyst estimates of $848.75 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. As a group, equities analysts forecast that Pinterest, Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Several hedge funds have recently modified their holdings of the company. Brown Shipley& Co Ltd acquired a new position in shares of Pinterest during the 2nd quarter worth about $25,000. Wellington Shields Capital Management LLC purchased a new stake in Pinterest during the 2nd quarter worth approximately $26,000. Hexagon Capital Partners LLC lifted its position in shares of Pinterest by 157.7% in the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after acquiring an additional 459 shares in the last quarter. GAMMA Investing LLC raised its stake in Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after purchasing an additional 405 shares during the period. Finally, Rothschild Investment LLC acquired a new position in Pinterest in the 2nd quarter valued at about $35,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PINS has been the topic of several research reports. Benchmark reissued a “hold” rating on shares of Pinterest in a research report on Wednesday, July 31st. Roth Mkm lowered their target price on shares of Pinterest from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft began coverage on Pinterest in a research note on Monday, September 23rd. They issued a “buy” rating and a $43.00 price target for the company. Barclays reduced their target price on shares of Pinterest from $38.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 31st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $48.00 target price on shares of Pinterest in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.32.

Read Our Latest Report on Pinterest

Pinterest Company Profile

(Get Free Report)

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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