Guild Investment Management Inc. Invests $735,000 in Pinterest, Inc. (NYSE:PINS)

Guild Investment Management Inc. bought a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,705 shares of the company's stock, valued at approximately $735,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Pinterest by 73.9% in the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock valued at $2,760,000 after purchasing an additional 37,829 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Pinterest during the first quarter worth about $235,000. Concurrent Investment Advisors LLC acquired a new stake in Pinterest during the first quarter worth about $261,000. Wealth Enhancement Advisory Services LLC increased its stake in Pinterest by 21.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after acquiring an additional 19,552 shares during the last quarter. Finally, Revolve Wealth Partners LLC acquired a new stake in Pinterest during the fourth quarter worth about $252,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Stock Up 0.6%

NYSE:PINS traded up $0.23 during trading hours on Friday, reaching $37.90. 4,248,701 shares of the stock were exchanged, compared to its average volume of 8,305,104. The firm has a 50 day simple moving average of $34.65 and a 200-day simple moving average of $32.61. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The stock has a market capitalization of $25.71 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.90 and a beta of 0.94.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The firm had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. During the same period in the prior year, the business earned $0.17 EPS. The company's quarterly revenue was up 15.5% on a year-over-year basis. As a group, analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on PINS. Citigroup restated a "buy" rating and set a $44.00 price target (up from $41.00) on shares of Pinterest in a research note on Tuesday, June 24th. TD Cowen upped their price target on Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group dropped their price target on Pinterest from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Monness Crespi & Hardt dropped their price target on Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. upgraded Pinterest from a "neutral" rating to an "overweight" rating and increased their target price for the company from $35.00 to $40.00 in a research note on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.81.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 408,332 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the transaction, the director owned 6,274 shares of the company's stock, valued at $208,045.84. This trade represents a 98.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 1,502,611 shares of company stock worth $51,602,943. Company insiders own 7.06% of the company's stock.

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.