Centaurus Financial Inc. lowered its stake in shares of Pinterest, Inc. (NYSE:PINS – Free Report) by 77.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,017 shares of the company’s stock after selling 37,460 shares during the period. Centaurus Financial Inc.’s holdings in Pinterest were worth $202,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Elevated Capital Advisors LLC purchased a new position in shares of Pinterest during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after acquiring an additional 1,049 shares in the last quarter. Addison Advisors LLC boosted its position in Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after purchasing an additional 1,200 shares during the last quarter. Garner Asset Management Corp acquired a new stake in Pinterest during the fourth quarter valued at $36,000. Finally, Summit Securities Group LLC purchased a new position in Pinterest in the first quarter valued at about $43,000. Institutional investors and hedge funds own 88.81% of the company’s stock.
Analyst Ratings Changes
PINS has been the topic of several research reports. Weiss Ratings raised Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Mizuho lifted their price target on Pinterest from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $28.00 price target on shares of Pinterest in a research note on Tuesday, May 5th. Wall Street Zen downgraded Pinterest from a “buy” rating to a “hold” rating in a report on Saturday. Finally, UBS Group raised their price objective on shares of Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.69.
Insider Activity at Pinterest
In related news, Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $22.54, for a total value of $1,056,562.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total value of $279,187.20. Following the sale, the insider directly owned 691,840 shares of the company’s stock, valued at $13,594,656. The trade was a 2.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 370,720 shares of company stock valued at $7,892,627. Corporate insiders own 8.09% of the company’s stock.
Pinterest Price Performance
Shares of NYSE:PINS opened at $24.18 on Tuesday. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.83. The business has a 50-day moving average of $21.80 and a two-hundred day moving average of $20.51. The stock has a market capitalization of $13.54 billion, a P/E ratio of 50.38, a P/E/G ratio of 1.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23.
Pinterest (NYSE:PINS – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. On average, equities research analysts predict that Pinterest, Inc. will post 0.63 EPS for the current fiscal year.
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.
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