Pinterest, Inc. (NYSE:PINS) Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC increased its stake in shares of Pinterest, Inc. (NYSE:PINS) by 824.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,755 shares of the company’s stock after purchasing an additional 2,457 shares during the period. FNY Investment Advisers LLC’s holdings in Pinterest were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Whipplewood Advisors LLC purchased a new stake in Pinterest during the 4th quarter worth approximately $28,000. NBC Securities Inc. lifted its position in shares of Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock valued at $31,000 after acquiring an additional 999 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Pinterest in the first quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL increased its position in shares of Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after purchasing an additional 1,204 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after purchasing an additional 590 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Stock Performance

Pinterest stock opened at $35.21 on Tuesday. The company has a market capitalization of $23.88 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The firm has a 50 day moving average price of $29.69 and a 200 day moving average price of $31.55.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $854.99 million for the quarter, compared to analysts’ expectations of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PINS shares. Barclays decreased their price objective on Pinterest from $42.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, May 9th. Wolfe Research upgraded shares of Pinterest from a “peer perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Thursday, May 15th. Oppenheimer upped their price objective on shares of Pinterest from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Citigroup raised their target price on shares of Pinterest from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, BMO Capital Markets dropped their price target on Pinterest from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Six analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.42.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $34.81, for a total value of $3,553,509.23. Following the completion of the transaction, the director now owns 8,414 shares of the company’s stock, valued at $292,891.34. This trade represents a 92.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Andrea Acosta sold 3,759 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $31.86, for a total transaction of $119,761.74. Following the completion of the transaction, the chief accounting officer now owns 171,373 shares of the company’s stock, valued at approximately $5,459,943.78. This trade represents a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,177,104 shares of company stock valued at $38,592,423 in the last three months. 7.06% of the stock is owned by corporate insiders.

Pinterest Company 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.