Aaron Wealth Advisors LLC Purchases Shares of 7,227 Pinterest, Inc. (NYSE:PINS)

Aaron Wealth Advisors LLC acquired a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,227 shares of the company's stock, valued at approximately $224,000.

Several other institutional investors also recently modified their holdings of the company. Ethos Financial Group LLC increased its stake in shares of Pinterest by 3.1% during the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock worth $342,000 after purchasing an additional 350 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Pinterest by 20.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company's stock worth $75,000 after buying an additional 429 shares during the period. Redwood Investment Management LLC boosted its holdings in shares of Pinterest by 3.2% during the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after buying an additional 495 shares during the period. Founders Financial Alliance LLC boosted its holdings in shares of Pinterest by 5.9% during the 4th quarter. Founders Financial Alliance LLC now owns 10,056 shares of the company's stock worth $292,000 after buying an additional 560 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Pinterest by 9.3% during the 4th quarter. EP Wealth Advisors LLC now owns 7,706 shares of the company's stock worth $223,000 after buying an additional 656 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Donnelly Julia Brau sold 29,606 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total value of $1,014,005.50. Following the sale, the chief financial officer directly owned 362,890 shares of the company's stock, valued at approximately $12,428,982.50. This represents a 7.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeremy S. Levine sold 6,274 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $34.11, for a total transaction of $214,006.14. Following the completion of the sale, the director owned 1,158,833 shares of the company's stock, valued at $39,527,793.63. The trade was a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,176,362 shares of company stock worth $39,645,976. Corporate insiders own 7.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PINS. Monness Crespi & Hardt reduced their target price on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 9th. Piper Sandler reduced their target price on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Stifel Nicolaus reduced their target price on shares of Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company set a $42.00 price objective on shares of Pinterest and gave the company an "overweight" rating in a report on Tuesday. Finally, TD Cowen cut their price objective on shares of Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, Pinterest presently has an average rating of "Moderate Buy" and a consensus price target of $40.52.

Pinterest Stock Performance

Shares of NYSE PINS opened at $35.74 on Friday. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $44.06. The firm has a 50 day moving average price of $32.30 and a two-hundred day moving average price of $31.91. The stock has a market cap of $24.24 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94.

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 the consensus estimate of $0.25 by ($0.02). Pinterest had a net margin of 50.41% and a return on equity of 8.13%. The business had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. During the same quarter last year, the company posted $0.17 earnings per share. The company's revenue was up 15.5% compared to the same quarter last year. Analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

About Pinterest

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.

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