Advisory Services Network LLC lifted its stake in shares of Pinterest, Inc. (NYSE:PINS – Free Report) by 14.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,365 shares of the company’s stock after buying an additional 1,994 shares during the quarter. Advisory Services Network LLC’s holdings in Pinterest were worth $569,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Legacy Capital Group California Inc. raised its stake in Pinterest by 1.7% in the 4th quarter. Legacy Capital Group California Inc. now owns 16,156 shares of the company’s stock worth $598,000 after purchasing an additional 267 shares in the last quarter. Venture Visionary Partners LLC raised its stake in Pinterest by 0.7% in the 4th quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock worth $1,816,000 after purchasing an additional 324 shares in the last quarter. Washington Trust Advisors Inc. raised its stake in 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. Creative Financial Designs Inc. ADV raised its stake in Pinterest by 0.8% in 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. Finally, Quadrant Capital Group LLC raised its stake in Pinterest by 40.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock worth $48,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.
Pinterest Price Performance
PINS opened at $41.49 on Friday. Pinterest, Inc. has a fifty-two week low of $23.35 and a fifty-two week high of $43.12. The firm has a market capitalization of $28.34 billion, a price-to-earnings ratio of 197.58, a PEG ratio of 4.13 and a beta of 0.99. The company’s 50 day moving average price is $37.52 and its two-hundred day moving average price is $36.42.
Pinterest (NYSE:PINS – Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The firm had revenue of $739.98 million for the quarter, compared to analyst estimates of $699.96 million. As a group, equities research analysts predict that Pinterest, Inc. will post 0.43 EPS for the current year.
Insider Transactions at Pinterest
In other news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the transaction, the chief financial officer now owns 392,829 shares in the company, valued at approximately $13,521,174.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the transaction, the chief financial officer now owns 392,829 shares in the company, valued at approximately $13,521,174.18. The sale was disclosed in a 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 transaction, the insider now owns 307,256 shares in the company, valued at approximately $12,726,543.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,622 shares of company stock worth $4,737,421. Company insiders own 7.11% of the company’s stock.
Analyst Ratings Changes
PINS has been the subject of several analyst reports. BMO Capital Markets lifted their price objective on shares of Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company lifted their price objective on shares of Pinterest from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Susquehanna raised their target price on shares of Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a report on Friday, February 9th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of Pinterest in a report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.34.
View Our Latest Stock Report on Pinterest
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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