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

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Jeremy S. Levine sold 50,535 shares of Pinterest stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.98, for a total transaction of $1,717,179.30. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Pinterest Trading Up 6.0 %

PINS traded up $1.88 during trading hours on Wednesday, hitting $33.27. The company's stock had a trading volume of 18,570,887 shares, compared to its average volume of 9,703,658. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The company has a 50-day simple moving average of $34.23 and a 200 day simple moving average of $32.27. The firm has a market capitalization of $22.56 billion, a PE ratio of 12.37, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS - Get Free Report) last issued 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 return on equity of 8.10% and a net margin of 51.07%. Research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

PINS has been the topic of a number of analyst reports. Rosenblatt Securities lifted their target price on Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Oppenheimer upped their target price on Pinterest from $40.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. The Goldman Sachs Group increased their target price on Pinterest from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Roth Capital set a $32.00 price target on shares of Pinterest in a research note on Monday, February 3rd. Finally, Monness Crespi & Hardt upgraded shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price objective on the stock in a research note on Friday, January 10th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.47.

Institutional Investors Weigh In On Pinterest

Hedge funds and other institutional investors have recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new position in shares of Pinterest in the 4th quarter worth approximately $28,000. GAMMA Investing LLC grew its position in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares during the last quarter. Crewe Advisors LLC increased its holdings in shares of 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 lifted its position in shares of Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after acquiring an additional 1,204 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock worth $49,000 after acquiring an additional 1,487 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

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.