Andrea Acosta Sells 3,667 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,667 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Andrea Acosta also recently made the following trade(s):

• On Wednesday, November 27th, Andrea Acosta sold 3,845 shares of Pinterest stock. The shares were sold at an average price of $30.88, for a total value of $118,733.60.

Pinterest Price Performance

Shares of NYSE PINS traded down $0.26 during midday trading on Tuesday, hitting $36.69. The stock had a trading volume of 11,330,533 shares, compared to its average volume of 12,163,936. The firm has a market cap of $24.89 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The company’s 50-day simple moving average is $33.05 and its 200 day simple moving average is $31.94.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Trading of Pinterest

Several hedge funds have recently added to or reduced their stakes in the business. Maverick Capital Ltd. grew its stake in Pinterest by 47.6% in the third quarter. Maverick Capital Ltd. now owns 57,180 shares of the company’s stock valued at $1,851,000 after acquiring an additional 18,430 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Pinterest by 8.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company’s stock valued at $49,855,000 after purchasing an additional 119,367 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Pinterest by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock valued at $27,326,000 after purchasing an additional 32,539 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Pinterest by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company’s stock worth $137,669,000 after purchasing an additional 87,041 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in Pinterest by 20.3% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company’s stock worth $13,087,000 after buying an additional 68,096 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PINS shares. Raymond James lifted their price target on shares of Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Guggenheim lifted their target price on shares of Pinterest from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wedbush increased their price target on shares of Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Stifel Nicolaus restated a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Finally, UBS Group lowered their price objective on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.47.

Pinterest Company Profile

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.