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Andrea Acosta, Chief Accounting Officer at Pinterest, Inc. (NYSE:PINS), a social media company with a market capitalization of $23.3 billion, recently sold 3,941 shares of the company’s Class A Common Stock. According to InvestingPro, Pinterest holds more cash than debt on its balance sheet, indicating strong financial health. The shares were sold at a price of $35.75 each, amounting to a total transaction value of $140,890. Following this sale, Acosta holds 144,129 shares, including restricted stock units subject to vesting requirements. This transaction was executed under a Rule 10b5-1 trading plan. The stock currently trades at $34.30, with analysts maintaining a bullish consensus and setting price targets ranging from $32 to $55. For comprehensive insider trading analysis and 11 additional key insights about Pinterest, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Pinterest Inc . reported robust fourth-quarter earnings, surpassing consensus estimates with an 18% year-over-year revenue increase and an adjusted EBITDA of $471 million, exceeding the previous year’s $369 million. This performance has prompted several analyst firms to revise their price targets upwards. TD Cowen raised its target to $46, RBC Capital Markets increased it to $50, CFRA lifted it to $53, and Benchmark maintained a target of $55, each maintaining positive ratings on Pinterest’s stock. These adjustments reflect confidence in Pinterest’s strategic initiatives, including AI-led user engagement improvements and the rollout of Performance+, designed to enhance advertising capabilities.
Pinterest’s guidance for the first quarter of 2025 projects revenue and adjusted EBITDA growth above consensus estimates, further boosting investor confidence. Analysts from Stifel and RBC Capital have noted the company’s effective strategies in user engagement and advertising content quality, which are starting to yield tangible results. Piper Sandler also raised its price target to $41, though it maintained a Neutral rating due to competitive pressures in the advertising landscape.
Benchmark highlighted Pinterest’s progress in monetizing its first-party data and the potential for sustained revenue growth from its Performance+ products. CFRA emphasized the company’s strong financial position, with net cash reserves of $2.5 billion, and noted the positive impact of AI investments on advertising tools. Overall, Pinterest’s recent developments underscore its strategic focus on technology and partnerships to enhance its platform and advertising capabilities.
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