TimesSquare Capital Management LLC Buys 27,435 Shares of Pinterest, Inc. $PINS

TimesSquare Capital Management LLC raised its stake in Pinterest, Inc. (NYSE:PINS) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,212,175 shares of the company’s stock after acquiring an additional 27,435 shares during the quarter. Pinterest comprises approximately 1.1% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. TimesSquare Capital Management LLC owned approximately 0.33% of Pinterest worth $79,329,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Golden State Wealth Management LLC increased its holdings in shares of Pinterest by 282.7% in the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after purchasing an additional 506 shares in the last quarter. West Branch Capital LLC bought a new position in Pinterest in the 2nd quarter valued at $36,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Pinterest in the 2nd quarter valued at $40,000. LRI Investments LLC raised its position in shares of Pinterest by 97.7% during the first quarter. LRI Investments LLC now owns 1,374 shares of the company’s stock worth $43,000 after acquiring an additional 679 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Pinterest by 798.4% during the first quarter. Whittier Trust Co. now owns 1,707 shares of the company’s stock valued at $53,000 after acquiring an additional 1,517 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PINS has been the subject of several recent research reports. Evercore ISI dropped their price objective on Pinterest from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Wall Street Zen cut shares of Pinterest from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Sanford C. Bernstein cut their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Susquehanna reaffirmed a “positive” rating and issued a $42.00 price objective on shares of Pinterest in a research note on Friday, August 8th. Finally, Morgan Stanley raised shares of Pinterest from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $37.00 to $45.00 in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.55.

Pinterest Stock Performance

PINS opened at $27.38 on Wednesday. The firm’s fifty day moving average is $33.20 and its two-hundred day moving average is $33.93. The firm has a market cap of $18.62 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.96. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. The business had revenue of $665.93 million during the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. Equities analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total transaction of $3,558,613.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total transaction of $40,250.00. Following the completion of the transaction, the director directly owned 30,600 shares in the company, valued at approximately $1,071,000. The trade was a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 640,236 shares of company stock worth $22,878,326. 7.11% of the stock is owned by company insiders.

Pinterest Profile

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.