Leonteq Securities AG Buys 27,040 Shares of Pinterest, Inc. $PINS

Leonteq Securities AG boosted its position in Pinterest, Inc. (NYSE:PINS) by 20.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,812 shares of the company’s stock after purchasing an additional 27,040 shares during the period. Leonteq Securities AG’s holdings in Pinterest were worth $2,876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PINS. Elevated Capital Advisors LLC bought a new stake in shares of Pinterest in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after buying an additional 1,049 shares during the last quarter. Addison Advisors LLC grew its stake in shares of Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the period. Garner Asset Management Corp bought a new position in shares of Pinterest during the 4th quarter worth $36,000. Finally, MidFirst Bank purchased a new stake in Pinterest in the 4th quarter worth about $44,000. 88.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets restated an “outperform” rating and issued a $30.00 price objective on shares of Pinterest in a research note on Tuesday, May 5th. Guggenheim reiterated a “buy” rating and issued a $24.00 target price on shares of Pinterest in a research note on Monday, June 15th. JPMorgan Chase & Co. boosted their price target on shares of Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Rosenblatt Securities upped their price target on shares of Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company raised their price objective on shares of Pinterest from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Pinterest has an average rating of “Hold” and a consensus price target of $27.40.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the 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 directly owned 27,450 shares in the company, valued at $549,000. This represents a 7.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total transaction of $279,187.20. Following the completion of the sale, the insider owned 691,840 shares in the company, valued at $13,594,656. This represents a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 279,070 shares of company stock valued at $5,817,283. Company insiders own 8.09% of the company’s stock.

Pinterest Stock Up 0.8%

PINS stock opened at $22.06 on Friday. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $12.35 billion, a PE ratio of 45.95, a PEG ratio of 1.23 and a beta of 0.89. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93. The stock has a 50-day simple moving average of $20.47 and a two-hundred day simple moving average of $21.02.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities analysts predict that Pinterest, Inc. will post 0.66 EPS for the current fiscal year.

Pinterest Company Profile

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.