Pinterest, Inc. (NYSE:PINS – Get Rating) CFO Todd R. Morgenfeld sold 55,241 shares of Pinterest stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $23.60, for a total transaction of $1,303,687.60. Following the completion of the sale, the chief financial officer now directly owns 641,025 shares of the company's stock, valued at approximately $15,128,190. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Pinterest Stock Performance

Shares of Pinterest stock opened at $23.30 on Friday. Pinterest, Inc. has a 52-week low of $16.14 and a 52-week high of $66.00. The stock's 50-day simple moving average is $22.64 and its 200 day simple moving average is $21.79. The stock has a market capitalization of $15.69 billion, a P/E ratio of 75.16 and a beta of 1.09.

Pinterest (NYSE:PINS – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.11). Pinterest had a net margin of 8.10% and a return on equity of 8.35%. The company had revenue of $666.00 million for the quarter, compared to the consensus estimate of $663.19 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Pinterest, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Pinterest from $19.00 to $26.00 and gave the company a "neutral" rating in a research report on Tuesday, August 2nd. The Goldman Sachs Group cut their price objective on shares of Pinterest from $35.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, June 9th. TheStreet raised shares of Pinterest from a "d+" rating to a "c-" rating in a report on Tuesday, August 16th. Piper Sandler cut their price objective on shares of Pinterest from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, August 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Pinterest from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, August 2nd. Seventeen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $29.08.

About Pinterest

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Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

Further Reading

• Get a free copy of the StockNews.com research report on Pinterest (PINS)
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