Pinterest, Inc. (NYSE:PINS) General Counsel Christine Flores Sells 27,225 Shares of Stock

Pinterest, Inc. (NYSE:PINS) General Counsel Christine Flores sold 27,225 shares of the firm’s stock in a transaction that occurred on Wednesday, January 12th. The shares were sold at an average price of $35.00, for a total value of $952,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, December 21st, Christine Flores sold 28,781 shares of Pinterest stock. The stock was sold at an average price of $35.96, for a total value of $1,034,964.76.

Shares of NYSE PINS opened at $32.83 on Friday. The company has a 50 day simple moving average of $38.87 and a 200 day simple moving average of $51.97. The firm has a market cap of $21.41 billion, a PE ratio of 64.37, a price-to-earnings-growth ratio of 0.81 and a beta of 1.09. Pinterest, Inc. has a 1 year low of $31.01 and a 1 year high of $89.90.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. Pinterest had a net margin of 14.35% and a return on equity of 15.19%. The firm had revenue of $632.90 million during the quarter, compared to analyst estimates of $631.10 million. During the same quarter last year, the business earned ($0.02) EPS. The company’s revenue was up 43.0% compared to the same quarter last year. Analysts predict that Pinterest, Inc. will post 0.51 EPS for the current year.

Several analysts recently weighed in on PINS shares. Zacks Investment Research cut Pinterest from a “strong-buy” rating to a “hold” rating and set a $55.00 price target for the company. in a report on Wednesday, September 29th. JPMorgan Chase & Co. dropped their price target on Pinterest from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, December 15th. Morgan Stanley dropped their price target on Pinterest from $77.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, November 24th. Bank of America started coverage on Pinterest in a report on Monday, November 1st. They set a “neutral” rating and a $57.00 price target for the company. Finally, DA Davidson dropped their price target on Pinterest from $76.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, November 5th. They noted that the move was a valuation call. Seventeen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Pinterest presently has an average rating of “Hold” and an average price target of $65.50.

A number of institutional investors have recently added to or reduced their stakes in PINS. Concord Wealth Partners raised its holdings in Pinterest by 242.5% during the 3rd quarter. Concord Wealth Partners now owns 500 shares of the company’s stock worth $25,000 after purchasing an additional 354 shares during the last quarter. Newton One Investments LLC bought a new position in Pinterest during the 3rd quarter worth approximately $26,000. FourThought Financial LLC raised its holdings in Pinterest by 214.8% during the 4th quarter. FourThought Financial LLC now owns 724 shares of the company’s stock worth $26,000 after purchasing an additional 494 shares during the last quarter. Bollard Group LLC bought a new position in Pinterest during the 2nd quarter worth approximately $32,000. Finally, Asset Dedication LLC grew its position in shares of Pinterest by 94.6% during the 3rd quarter. Asset Dedication LLC now owns 786 shares of the company’s stock worth $40,000 after buying an additional 382 shares during the period.

Pinterest Company Profile

Pinterest, Inc engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.

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Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

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