Blackhawk Capital Partners LLC. Makes New Investment in Pinterest, Inc. (NYSE:PINS)

Blackhawk Capital Partners LLC. bought a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,266 shares of the company's stock, valued at approximately $1,124,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PINS. Ninety One SA PTY Ltd raised its position in Pinterest by 12.2% during the first quarter. Ninety One SA PTY Ltd now owns 88,626 shares of the company's stock valued at $2,741,000 after buying an additional 9,620 shares during the period. Ninety One UK Ltd boosted its stake in shares of Pinterest by 10.2% during the 1st quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock worth $186,848,000 after acquiring an additional 555,742 shares in the last quarter. Alpha Cubed Investments LLC bought a new stake in shares of Pinterest during the 1st quarter worth about $1,713,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Pinterest during the 1st quarter worth about $1,445,000. Finally, Envestnet Asset Management Inc. boosted its stake in Pinterest by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 670,132 shares of the company's stock valued at $20,774,000 after purchasing an additional 52,563 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Donnelly Julia Brau sold 29,606 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total value of $1,014,005.50. Following the transaction, the chief financial officer directly owned 362,890 shares in the company, valued at $12,428,982.50. This trade represents a 7.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $214,006.14. Following the completion of the transaction, the director owned 1,158,833 shares in the company, valued at $39,527,793.63. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,176,362 shares of company stock worth $39,645,976. 7.11% of the stock is currently owned by company insiders.

Pinterest Price Performance

Shares of NYSE PINS traded down $0.07 during midday trading on Wednesday, hitting $35.70. The stock had a trading volume of 2,896,374 shares, compared to its average volume of 11,042,209. The company's 50-day simple moving average is $32.68 and its 200 day simple moving average is $32.01. The firm has a market cap of $24.21 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $44.06.

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

Wall Street Analysts Forecast Growth

PINS has been the subject of several recent analyst reports. TD Cowen decreased their target price on Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. 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. The Goldman Sachs Group reduced their price objective on Pinterest from $47.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Guggenheim reduced their price objective on Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Barclays reduced their price objective on Pinterest from $42.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.52.

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.