Radnor Capital Management LLC Takes $751,000 Position in Pinterest, Inc. (NYSE:PINS)

Radnor Capital Management LLC purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,240 shares of the company's stock, valued at approximately $751,000.

Several other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in Pinterest by 104.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock worth $737,533,000 after buying an additional 12,986,310 shares in the last quarter. Norges Bank purchased a new stake in Pinterest in the fourth quarter worth approximately $358,205,000. Marshall Wace LLP boosted its stake in Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock worth $310,352,000 after buying an additional 6,129,985 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Pinterest by 49.7% in the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after buying an additional 4,527,902 shares in the last quarter. Finally, Contour Asset Management LLC purchased a new stake in shares of Pinterest during the fourth quarter valued at approximately $86,330,000. 88.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PINS shares. Guggenheim dropped their price objective on Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Benchmark dropped their price target on Pinterest from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Raymond James lowered Pinterest from an "overweight" rating to a "market perform" rating in a research note on Monday, April 7th. Oppenheimer raised their price target on Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Wolfe Research raised Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target for the company in a research note on Thursday, May 15th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.42.

Pinterest Stock Up 1.2%

Shares of NYSE:PINS traded up $0.42 on Friday, hitting $34.18. 8,105,663 shares of the company traded hands, compared to its average volume of 10,878,336. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The stock has a 50 day simple moving average of $28.73 and a 200-day simple moving average of $31.37. The company has a market cap of $23.18 billion, a PE ratio of 12.71, a PEG ratio of 1.95 and a beta of 0.91.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The business had revenue of $854.99 million during the quarter, compared to the consensus estimate of $848.49 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. Pinterest's quarterly revenue was up 15.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total value of $31,050.00. Following the transaction, the director now directly owns 26,786 shares of the company's stock, valued at approximately $723,222. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Benjamin Silbermann sold 408,332 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total value of $13,540,289.12. Following the completion of the transaction, the director now directly owns 6,274 shares in the company, valued at $208,045.84. The trade was a 98.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,075,437 shares of company stock worth $35,044,674. 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.