Advyzon Investment Management LLC Invests $205,000 in Pinterest, Inc. (NYSE:PINS)

Key Points

• Advyzon Investment Management LLC acquired a new stake of 6,604 shares in Pinterest, valued at approximately $205,000, according to their 13F filing with the SEC.
• Analysts have given Pinterest a Moderate Buy rating, with a range of target prices, the highest being $45.00, reflecting positive sentiment among equity research experts.
• Insiders have sold over 1.5 million shares of Pinterest stock worth approximately $51.6 million in the last three months, indicating a significant decrease in their holdings.

Advyzon Investment Management LLC bought a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 6,604 shares of the company's stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC bought a new stake in Pinterest during the first quarter worth about $25,000. Garde Capital Inc. acquired a new position in shares of Pinterest in the 1st quarter worth approximately $26,000. NBC Securities Inc. boosted its holdings in shares of Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after acquiring an additional 999 shares in the last quarter. American National Bank & Trust bought a new stake in Pinterest during the 1st quarter worth approximately $32,000. Finally, Golden State Wealth Management LLC increased its holdings in Pinterest by 665.4% during the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after purchasing an additional 1,058 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on PINS shares. Guggenheim reissued a "buy" rating on shares of Pinterest in a research note on Monday, July 28th. 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 report on Thursday, May 15th. Wedbush upped their price target on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday. BMO Capital Markets lowered their price objective on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Finally, Piper Sandler set a $40.00 target price on shares of Pinterest in a research note on Friday. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Stock Down 10.2%

Shares of PINS traded down $3.98 during trading hours on Friday, reaching $35.19. The stock had a trading volume of 37,460,885 shares, compared to its average volume of 9,693,246. The company has a market cap of $23.87 billion, a P/E ratio of 73.91, a P/E/G ratio of 1.96 and a beta of 0.78. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The firm has a 50-day moving average of $36.01 and a 200 day moving average of $33.12.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The business had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.80%. The firm's revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. As a group, equities analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In other Pinterest news, CTO Matthew Madrigal sold 20,000 shares of Pinterest stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $38.58, for a total value of $771,600.00. Following the sale, the chief technology officer owned 428,823 shares of the company's stock, valued at $16,543,991.34. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,510 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $35.68, for a total value of $410,676.80. Following the transaction, the insider owned 390,230 shares of the company's stock, valued at approximately $13,923,406.40. The trade was a 2.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,502,611 shares of company stock worth $51,602,943. Corporate 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.