56,145 Shares in Pinterest, Inc. $PINS Purchased by Mirova

Mirova bought a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 56,145 shares of the company’s stock, valued at approximately $1,806,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PINS. Snowden Capital Advisors LLC lifted its holdings in shares of Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after buying an additional 296 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Pinterest by 3.9% in the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after acquiring an additional 358 shares during the last quarter. Baltimore Washington Financial Advisors Inc. grew its stake in shares of Pinterest by 3.6% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock worth $369,000 after acquiring an additional 359 shares during the last quarter. Dynamic Wealth Strategies LLC increased its position in Pinterest by 5.8% during the second quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock worth $237,000 after acquiring an additional 361 shares during the period. Finally, GAMMA Investing LLC increased its position in Pinterest by 22.2% during the third quarter. GAMMA Investing LLC now owns 2,143 shares of the company’s stock worth $69,000 after acquiring an additional 389 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, insider Malik Ducard sold 6,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $155,160.00. Following the sale, the insider owned 699,773 shares of the company’s stock, valued at $18,096,129.78. The trade was a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the sale, the chief financial officer owned 540,358 shares in the company, valued at $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,457 shares of company stock valued at $876,925 in the last 90 days. 7.06% of the stock is owned by corporate insiders.

Pinterest Price Performance

PINS opened at $18.78 on Thursday. The company has a market capitalization of $12.49 billion, a P/E ratio of 30.78, a P/E/G ratio of 1.23 and a beta of 0.93. The firm’s fifty day moving average price is $20.83 and its two-hundred day moving average price is $26.93. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 EPS. On average, equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of research reports. UBS Group set a $26.00 price target on shares of Pinterest in a report on Friday, February 13th. KeyCorp dropped their price objective on shares of Pinterest from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Pinterest in a research report on Friday, February 13th. Cantor Fitzgerald set a $18.00 target price on shares of Pinterest in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded Pinterest from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.87.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.