Pinterest Inc. (PINS) may enjoy gains as insiders got busy in the recent days


Pinterest Inc.’s filing revealed that its Director JORDAN JEFFREY D unloaded Company’s shares for reported $0.19 million on Nov 01. In the deal valued at $25.05 per share,7,500 shares were sold. As a result of this transaction, JORDAN JEFFREY D now holds 229,215 shares worth roughly $ 5.13 million.

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Then, JORDAN JEFFREY D sold 2,500 shares, generating $62,500 in total proceeds. Upon selling the shares at $25.00, the Director now owns 236,715 shares.

Before that, Sharp Evan sold 55,241 shares. Pinterest Inc. shares valued at $1,169,734 were divested by the Director at a price of $21.18 per share. As a result of the transaction, Sharp Evan now holds 0 shares, worth roughly $0.0.

Goldman upgraded its Pinterest Inc. [PINS] rating to a Buy from a a Neutral in a research note published on Friday, October 06, 2022; the price target was increased to $31 from $24. PT values the company’s stock at a premium of 27.77 to its Friday closing price. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early September from “a Peer perform” to “an Outperform”. Susquehanna also remained covering PINS and has increased its forecast on August 02, 2022 with a “Positive” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on June 02, 2022. It rated PINS as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of PINS

On Friday, Pinterest Inc. [NYSE:PINS] saw its stock fall -1.71% to $22.39. On the same session, the stock had its day’s lowest price of $21.685, but rose to a high of $23.30. Over the last five days, the stock has lost -10.08%. Pinterest Inc. shares have fallen nearly -38.40% since the year began. Nevertheless, the stocks have fallen -48.69% over the past one year. While a 52-week high of $49.10 was reached on 01/03/22, a 52-week low of $16.14 was recorded on 05/24/22. SMA at 50 days reached $23.50, while 200 days put it at $22.73. A total of 14.84 million shares were traded, compared to the trading of 13.83 million shares in the previous session.

Levels Of Support And Resistance For PINS Stock

The 24-hour chart illustrates a support level at 21.62, which if violated will result in even more drops to 20.84. On the upside, there is a resistance level at 23.23. A further resistance level may holdings at 24.07. The Relative Strength Index (RSI) on the 14-day chart is 45.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.62%. Stochastics %K at 45.25% indicates the stock is a holding.

How much short interest is there in Pinterest Inc.?

A steep rise in short interest was recorded in Pinterest Inc. stocks on Jul 14, 2022, dropping by -8.86 million shares to a total of 45.86 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 54.72 million shares. There was a decline of -19.32%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.00% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.7.

Pinterest Inc. [PINS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 50,105,929 shares, or roughly 8.60% of the outstanding PINS shares. In other words, the investor’s shares have risen by 1,150,340 from its previous 13-F filing of 48955589.0. Additionally, Flossbach von Storch AG increased 4.62% of its stake after which the total value it holdings stand at $764,864,906, while Harris Associates LP added 60.31% of its stake to hold $693.22 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -748,563 shares of Pinterest Inc., while Barclays Bank Plc sold -1,845,863 shares. At present, Goldman Sachs & Co. LLC is holding 16,058,497 shares valued at $374.16 million. T. Rowe Price Associates, Inc. owned 15,149,357 shares of the company at the time of its most recent 13F filing, worth $352.98 million.

According to FactSet, Pinterest Inc.’s share price will average $26.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.33 percent from its previous closing price of $22.78. Analysts expect Pinterest Inc. stock to reach the higher price of $35.00, while the lowest price estimate is $18.00. However, 32 analysts have rated PINS stock as an Overweight in their predictions for 2022.


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