Kepler Cheuvreux Suisse SA Purchases Shares of 221,256 Pinterest, Inc. $PINS

Kepler Cheuvreux Suisse SA purchased a new stake in shares of Pinterest, Inc. (NYSE:PINSFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 221,256 shares of the company’s stock, valued at approximately $5,728,000.

Other hedge funds have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new position in Pinterest during the 4th quarter valued at about $26,000. N.E.W. Advisory Services LLC boosted its stake in Pinterest by 505.7% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after purchasing an additional 883 shares during the last quarter. Garner Asset Management Corp acquired a new position in Pinterest during the 4th quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Pinterest by 46.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after buying an additional 419 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Trading Up 0.1%

NYSE:PINS opened at $21.30 on Monday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $11.93 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93. The firm’s 50 day moving average is $19.05 and its 200 day moving average is $23.28. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93.

Pinterest (NYSE:PINSGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. Pinterest’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. Sell-side analysts expect that Pinterest, Inc. will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PINS. Benchmark cut their target price on Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group restated a “buy” rating and issued a $28.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $20.00 target price on shares of Pinterest in a research note on Friday, February 13th. Finally, Rosenblatt Securities boosted their target price on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.40.

View Our Latest Stock Analysis on PINS

Trending Headlines about Pinterest

Here are the key news stories impacting Pinterest this week:

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the sale, the director owned 27,450 shares of the company’s stock, valued at approximately $549,000. The trade was a 7.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.09% of the company’s stock.

Pinterest Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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