Jeremy S. Levine Sells 50,535 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Jeremy S. Levine sold 50,535 shares of Pinterest stock in a transaction on Friday, March 7th. The shares were sold at an average price of $33.98, for a total value of $1,717,179.30. Following the completion of the transaction, the director now owns 1,156,693 shares in the company, valued at $39,304,428.14. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Pinterest Trading Down 0.4 %

NYSE:PINS opened at $34.37 on Friday. The firm has a market cap of $23.31 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The stock has a fifty day moving average price of $34.13 and a 200 day moving average price of $32.28. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19.

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

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently bought and sold shares of PINS. Whipplewood Advisors LLC acquired a new stake in Pinterest in the fourth quarter valued at $28,000. GAMMA Investing LLC raised its stake in 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 raised its stake in 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 in the last quarter. Strategic Investment Solutions Inc. IL raised its stake in Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock valued at $44,000 after buying an additional 1,204 shares in the last quarter. Finally, True Wealth Design LLC increased its position in shares of Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after purchasing an additional 1,487 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PINS has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada boosted their target price on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Roth Capital set a $32.00 target price on Pinterest in a research note on Monday, February 3rd. Wedbush boosted their target price on Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Raymond James boosted their target price on Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.47.

About Pinterest

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.