Radnor Capital Management LLC raised its stake in shares of Pinterest, Inc. (NYSE:PINS – Free Report) by 78.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,740 shares of the company’s stock after buying an additional 13,080 shares during the period. Radnor Capital Management LLC’s holdings in Pinterest were worth $1,031,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC acquired a new position in Pinterest in the 4th quarter worth about $27,000. Rakuten Securities Inc. bought a new position in Pinterest during the fourth quarter valued at approximately $30,000. Washington Trust Advisors Inc. lifted its stake in Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after acquiring an additional 326 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Pinterest in the fourth quarter worth approximately $43,000. Finally, Blue Trust Inc. increased its stake in shares of Pinterest by 87.7% during the 4th quarter. Blue Trust Inc. now owns 1,192 shares of the company’s stock worth $44,000 after purchasing an additional 557 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.
Pinterest Price Performance
Shares of PINS stock opened at $43.68 on Monday. Pinterest, Inc. has a one year low of $23.59 and a one year high of $45.01. The stock’s fifty day simple moving average is $40.10 and its 200 day simple moving average is $37.58. The firm has a market cap of $29.84 billion, a price-to-earnings ratio of 207.72, a P/E/G ratio of 4.32 and a beta of 0.97.
Pinterest (NYSE:PINS – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. The firm had revenue of $739.98 million during the quarter, compared to analysts’ expectations of $699.96 million. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. On average, research analysts anticipate that Pinterest, Inc. will post 0.44 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on PINS shares. Stifel Nicolaus upped their price objective on shares of Pinterest from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of Pinterest in a research note on Wednesday, May 1st. Roth Mkm boosted their target price on Pinterest from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Sanford C. Bernstein increased their price target on Pinterest from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.34.
Read Our Latest Stock Report on Pinterest
Insider Activity at Pinterest
In related news, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $43.90, for a total value of $168,795.50. Following the completion of the sale, the chief accounting officer now directly owns 189,470 shares in the company, valued at $8,317,733. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $43.90, for a total transaction of $168,795.50. Following the completion of the sale, the chief accounting officer now owns 189,470 shares of the company’s stock, valued at approximately $8,317,733. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,221 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $35.45, for a total value of $1,071,334.45. Following the completion of the transaction, the chief financial officer now directly owns 327,358 shares in the company, valued at approximately $11,604,841.10. The disclosure for this sale can be found here. Insiders sold a total of 72,125 shares of company stock valued at $2,684,891 over the last quarter. Corporate insiders own 7.11% of the company’s stock.
About Pinterest
(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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