Pinterest, Inc. (NYSE:PINS) Short Interest Update

by · The Cerbat Gem

Pinterest, Inc. (NYSE:PINSGet Free Report) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 38,630,865 shares, an increase of 26.7% from the February 12th total of 30,500,004 shares. Approximately 6.3% of the company’s stock are sold short. Based on an average trading volume of 24,939,928 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 24,939,928 shares, the short-interest ratio is currently 1.5 days. Approximately 6.3% of the company’s stock are sold short.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the transaction, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Malik Ducard sold 2,293 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the completion of the transaction, the insider owned 695,187 shares in the company, valued at approximately $15,335,825.22. This represents a 0.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,457 shares of company stock valued at $876,925 over the last 90 days. Corporate insiders own 7.11% of the company’s stock.

Institutional Trading of Pinterest

Several large investors have recently modified their holdings of the company. N.E.W. Advisory Services LLC grew its stake in 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 buying an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp lifted its position in Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after acquiring an additional 883 shares during the last quarter. Elevated Capital Advisors LLC bought a new stake in Pinterest during the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after acquiring an additional 1,049 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Pinterest in the second quarter valued at about $45,000. 88.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PINS has been the topic of several research analyst reports. Loop Capital cut shares of Pinterest from a “buy” rating to a “hold” rating and lowered their price target for the company from $45.00 to $18.00 in a report on Friday, February 13th. Mizuho set a $35.00 price objective on Pinterest in a report on Tuesday, February 3rd. Bank of America reissued a “neutral” rating and set a $19.00 price objective (down from $39.00) on shares of Pinterest in a research report on Friday, February 13th. The Goldman Sachs Group restated a “buy” rating and issued a $23.00 target price on shares of Pinterest in a research note on Friday, February 13th. Finally, Wells Fargo & Company dropped their target price on Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.87.

View Our Latest Analysis on Pinterest

Pinterest Price Performance

NYSE:PINS traded up $0.08 during trading hours on Monday, reaching $18.26. The company’s stock had a trading volume of 24,360,950 shares, compared to its average volume of 23,079,022. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. Pinterest has a one year low of $13.84 and a one year high of $39.93. The business’s 50-day moving average is $21.17 and its 200-day moving average is $27.12.

Pinterest (NYSE:PINSGet Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. Pinterest’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. On average, sell-side analysts predict that Pinterest will post 0.6 EPS for the current fiscal year.

About Pinterest

(Get Free Report)

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.

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