Andrea Acosta Sells 3,941 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) CAO Andrea Acosta sold 3,941 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.75, for a total value of $140,890.75. Following the completion of the sale, the chief accounting officer now owns 144,129 shares in the company, valued at $5,152,611.75. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, February 24th, Andrea Acosta sold 3,667 shares of Pinterest stock. The stock was sold at an average price of $37.46, for a total value of $137,365.82.

Pinterest Price Performance

PINS stock opened at $34.37 on Friday. The stock has a market capitalization of $23.31 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.95 and a beta of 1.02. The business’s fifty day moving average price is $34.13 and its two-hundred day moving average price is $32.28. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PINS. Van ECK Associates Corp increased its position in Pinterest by 30.5% during the 3rd quarter. Van ECK Associates Corp now owns 83,418 shares of the company’s stock worth $2,631,000 after buying an additional 19,508 shares during the period. National Pension Service increased its position in shares of Pinterest by 11.6% in the third quarter. National Pension Service now owns 1,043,516 shares of the company’s stock worth $33,779,000 after purchasing an additional 108,481 shares during the period. Radnor Capital Management LLC increased its position in shares of Pinterest by 1.7% in the third quarter. Radnor Capital Management LLC now owns 33,680 shares of the company’s stock worth $1,090,000 after purchasing an additional 560 shares during the period. Kornitzer Capital Management Inc. KS increased its position in shares of Pinterest by 20.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company’s stock worth $13,087,000 after purchasing an additional 68,096 shares during the period. Finally, Mainstream Capital Management LLC bought a new position in shares of Pinterest in the third quarter worth $265,000. Institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PINS shares. KeyCorp upped their price target on Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. The Goldman Sachs Group upped their price target on Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Piper Sandler reaffirmed a “neutral” rating and set a $41.00 price target (up previously from $36.00) on shares of Pinterest in a research report on Friday, February 7th. TD Cowen started coverage on Pinterest in a research report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price target for the company. Finally, Barclays upped their price target on Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.