Janney Montgomery Scott LLC raised its holdings in Pinterest, Inc. (NYSE:PINS – Free Report) by 67.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,441 shares of the company’s stock after buying an additional 22,397 shares during the period. Janney Montgomery Scott LLC’s holdings in Pinterest were worth $2,054,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC increased its position in shares of Pinterest by 0.7% in the fourth quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock valued at $1,816,000 after acquiring an additional 324 shares during the last quarter. Washington Trust Advisors Inc. increased its position in shares of Pinterest by 46.0% during 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 during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Pinterest by 0.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 45,922 shares of the company’s stock worth $1,701,000 after purchasing an additional 348 shares in the last quarter. Allworth Financial LP raised its stake in shares of Pinterest by 17.7% during the 4th quarter. Allworth Financial LP now owns 2,856 shares of the company’s stock worth $106,000 after purchasing an additional 430 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of Pinterest by 4.8% in the 3rd quarter. Blair William & Co. IL now owns 10,139 shares of the company’s stock valued at $274,000 after buying an additional 466 shares during the last quarter. 88.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
PINS has been the topic of several analyst reports. Royal Bank of Canada upped their price target on shares of Pinterest from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. KeyCorp dropped their target price on shares of Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Susquehanna raised their target price on shares of Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a research note on Friday, February 9th. Wedbush boosted their price target on Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of Pinterest in a research report on Wednesday, May 1st. Eight investment 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.com, Pinterest has an average rating of “Moderate Buy” and an average target price of $41.34.
Read Our Latest Analysis on PINS
Insider Buying and Selling at Pinterest
In other Pinterest news, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the sale, the director now owns 31,646 shares in the company, valued at $1,055,077.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Donnelly Julia Brau sold 65,972 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the transaction, the chief financial officer now owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The disclosure for this sale can be found here. Insiders sold a total of 166,405 shares of company stock worth $5,855,142 over the last three months. Corporate insiders own 7.11% of the company’s stock.
Pinterest Stock Performance
PINS opened at $41.44 on Friday. Pinterest, Inc. has a 52-week low of $23.35 and a 52-week high of $43.12. The firm has a market cap of $28.31 billion, a P/E ratio of 197.34, a price-to-earnings-growth ratio of 4.13 and a beta of 0.99. The business’s fifty day moving average is $36.78 and its 200-day moving average is $36.06.
Pinterest (NYSE:PINS – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. The firm had revenue of $739.98 million for the quarter, compared to the consensus estimate of $699.96 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. On average, research analysts predict that Pinterest, Inc. will post 0.43 earnings per share for the current fiscal year.
Pinterest Company 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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