PharVision Advisers LLC Buys Shares of 10,902 Pinterest, Inc. (NYSE:PINS)

PharVision Advisers LLC bought a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,902 shares of the company's stock, valued at approximately $316,000.

Other institutional investors have also recently modified their holdings of the company. Janney Capital Management LLC acquired a new position in Pinterest in the fourth quarter valued at about $4,289,000. Jones Financial Companies Lllp increased its holdings in Pinterest by 91.3% in the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after buying an additional 11,925 shares during the period. Swedbank AB increased its holdings in Pinterest by 2,108.7% in the 4th quarter. Swedbank AB now owns 1,315,052 shares of the company's stock valued at $38,137,000 after buying an additional 1,255,513 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Pinterest by 699.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 296,033 shares of the company's stock valued at $8,585,000 after buying an additional 259,002 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Pinterest by 94.9% during the 4th quarter. Pacer Advisors Inc. now owns 53,033 shares of the company's stock worth $1,538,000 after acquiring an additional 25,828 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PINS has been the topic of a number of recent analyst reports. Cantor Fitzgerald lifted their price objective on shares of Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Piper Sandler reduced their target price on Pinterest from $41.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Stifel Nicolaus decreased their price target on Pinterest from $50.00 to $36.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Guggenheim lowered their price target on Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Monness Crespi & Hardt dropped their price objective on Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.26.

Pinterest Stock Up 1.7%

PINS traded up $0.53 during trading on Tuesday, reaching $31.43. 3,271,149 shares of the company were exchanged, compared to its average volume of 10,795,095. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19. The company's 50-day moving average is $28.72 and its two-hundred day moving average is $31.19. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The firm had revenue of $854.99 million during 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. Equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Andrea Acosta sold 3,759 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $31.86, for a total value of $119,761.74. Following the transaction, the chief accounting officer now owns 171,373 shares of the company's stock, valued at approximately $5,459,943.78. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 38,596 shares of Pinterest stock in a transaction on Friday, March 7th. The shares were sold at an average price of $34.27, for a total value of $1,322,684.92. Following the sale, the chief financial officer now directly owns 231,879 shares of the company's stock, valued at $7,946,493.33. This represents a 14.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 964,343 shares of company stock worth $31,622,701 in the last three months. 7.06% of the stock is currently owned by corporate 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.