Foundations Investment Advisors LLC Purchases Shares of 11,157 Pinterest, Inc. (NYSE:PINS)

Key Points

• Foundations Investment Advisors LLC invested approximately $346,000 in Pinterest, Inc. by acquiring 11,157 shares in the first quarter of the year.
• Pinterest's stock is currently down 2.2%, trading at $37.76, with a market capitalization of $25.61 billion and a P/E ratio of 13.78.
• In its latest earnings report, Pinterest announced earnings per share of $0.23, missing consensus estimates, but reported a revenue increase of 15.5% year-over-year.

Foundations Investment Advisors LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,157 shares of the company's stock, valued at approximately $346,000.

Several other institutional investors have also added to or reduced their stakes in PINS. Bartlett & CO. Wealth Management LLC bought a new stake in Pinterest in the first quarter worth $25,000. Garde Capital Inc. purchased a new position in shares of Pinterest in the 1st quarter worth about $26,000. NBC Securities Inc. boosted its stake in 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 purchasing an additional 999 shares in the last quarter. American National Bank & Trust purchased a new stake in Pinterest during the 1st quarter valued at about $32,000. Finally, Golden State Wealth Management LLC grew its position 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 during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Down 2.2%

NYSE:PINS traded down $0.84 during mid-day trading on Friday, hitting $37.76. 11,842,533 shares of the stock traded hands, compared to its average volume of 8,226,086. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The stock has a market capitalization of $25.61 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.89 and a beta of 0.78. The firm's 50 day moving average is $35.30 and its two-hundred day moving average is $32.88.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The business had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. Pinterest had a return on equity of 8.13% and a net margin of 50.41%. Pinterest's 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. As a group, research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In other news, insider Wanjiku Juanita Walcott sold 11,510 shares of Pinterest stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $35.68, for a total transaction of $410,676.80. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Matthew Madrigal sold 20,000 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $38.58, for a total value of $771,600.00. Following the transaction, the chief technology officer owned 428,823 shares in the company, valued at $16,543,991.34. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,502,611 shares of company stock worth $51,602,943 over the last 90 days. Corporate insiders own 7.11% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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. Benchmark upped their price objective on Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wedbush lifted their target price on Pinterest from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Stifel Nicolaus boosted their price target on Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley raised Pinterest from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $37.00 to $45.00 in a research report on Monday, July 21st. Five equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $41.48.

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.