Centaurus Financial Inc. lowered its position in Pinterest, Inc. (NYSE:PINS – Free Report) by 79.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,011 shares of the company’s stock after selling 12,000 shares during the quarter. Centaurus Financial Inc.’s holdings in Pinterest were worth $112,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of PINS. GAMMA Investing LLC bought a new stake in Pinterest during the 4th quarter valued at $27,000. Rakuten Securities Inc. acquired a new stake in shares of Pinterest in the 4th quarter worth $30,000. Washington Trust Advisors Inc. boosted its position in shares of Pinterest by 46.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after purchasing an additional 326 shares in the last quarter. Clear Street Markets LLC acquired a new stake in shares of Pinterest in the 3rd quarter worth $41,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Pinterest in the 4th quarter worth $43,000. Institutional investors own 88.81% of the company’s stock.
Pinterest Stock Performance
NYSE PINS opened at $44.22 on Thursday. Pinterest, Inc. has a one year low of $23.59 and a one year high of $44.76. The company has a 50-day simple moving average of $39.70 and a 200-day simple moving average of $37.44. The firm has a market capitalization of $30.21 billion, a PE ratio of 210.58, a price-to-earnings-growth ratio of 4.30 and a beta of 0.97.
Pinterest (NYSE:PINS – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.05. The business had revenue of $739.98 million during the quarter, compared to analyst estimates of $699.96 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. Equities analysts forecast that Pinterest, Inc. will post 0.44 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Wedbush raised their target price on Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein raised their target price on Pinterest from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 1st. Stifel Nicolaus raised their target price on Pinterest from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company lifted their price objective on Pinterest from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.34.
Get Our Latest Research Report on PINS
Insider Buying and Selling at Pinterest
In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $43.90, for a total transaction of $168,795.50. Following the sale, the chief accounting officer now directly owns 189,470 shares in the company, valued at approximately $8,317,733. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Andrea Acosta sold 3,845 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $43.90, for a total value of $168,795.50. Following the sale, the chief accounting officer now directly owns 189,470 shares in the company, valued at approximately $8,317,733. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,627 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.42, for a total transaction of $481,590.34. Following the completion of the sale, the insider now owns 307,256 shares in the company, valued at $12,726,543.52. The disclosure for this sale can be found here. Insiders sold 69,561 shares of company stock valued at $2,569,511 in the last ninety days. Company insiders own 7.11% of the company’s stock.
Pinterest Profile
(Free Report)
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.
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