Blackhawk Capital Partners LLC. Purchases Shares of 36,266 Pinterest, Inc. (NYSE:PINS)

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

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of Pinterest by 73.9% during the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock valued at $2,760,000 after acquiring an additional 37,829 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Pinterest by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after acquiring an additional 11,925 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Pinterest during the first quarter valued at about $235,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Pinterest by 21.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock valued at $3,478,000 after acquiring an additional 19,552 shares in the last quarter. Finally, Revolve Wealth Partners LLC acquired a new position in shares of Pinterest during the fourth quarter valued at about $252,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $35.50, for a total transaction of $3,623,946.50. Following the completion of the sale, the director directly owned 8,414 shares in the company, valued at approximately $298,697. This trade represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Donnelly Julia Brau sold 29,606 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the sale, the chief financial officer owned 362,890 shares of the company's stock, valued at approximately $12,428,982.50. The trade was a 7.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,278,445 shares of company stock valued at $43,269,922 in the last ninety days. 7.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PINS has been the topic of several recent analyst reports. Oppenheimer upped their price objective on shares of Pinterest from $36.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Bank of America cut their price target on shares of Pinterest from $46.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Benchmark cut their price target on shares of Pinterest from $55.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wolfe Research upgraded shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a report on Thursday, May 15th. Finally, The Goldman Sachs Group cut their price target on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.52.

Pinterest Stock Performance

Shares of NYSE:PINS traded down $0.35 during midday trading on Friday, hitting $35.45. The company's stock had a trading volume of 4,121,036 shares, compared to its average volume of 11,068,333. The business's 50 day simple moving average is $33.27 and its 200 day simple moving average is $32.12. The company has a market cap of $24.04 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $42.20.

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

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.