Kentucky Retirement Systems Insurance Trust Fund Acquires Shares of 17,186 Pinterest, Inc. (NYSE:PINS)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,186 shares of the company's stock, valued at approximately $533,000.

Several other large investors have also bought and sold shares of the business. Kentucky Retirement Systems acquired a new stake in Pinterest in the first quarter valued at about $1,251,000. Inlight Wealth Management LLC acquired a new stake in Pinterest in the first quarter valued at about $55,000. Garde Capital Inc. acquired a new stake in Pinterest in the first quarter valued at about $26,000. Praxis Investment Management Inc. boosted its stake in Pinterest by 24.0% in the first quarter. Praxis Investment Management Inc. now owns 22,240 shares of the company's stock valued at $689,000 after buying an additional 4,310 shares in the last quarter. Finally, Janney Capital Management LLC boosted its stake in Pinterest by 93.7% in the first quarter. Janney Capital Management LLC now owns 286,518 shares of the company's stock valued at $8,882,000 after buying an additional 138,616 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Stock Performance

Shares of PINS traded down $0.37 during mid-day trading on Wednesday, reaching $35.37. 7,637,451 shares of the company were exchanged, compared to its average volume of 10,930,283. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $44.79. The stock has a market capitalization of $23.99 billion, a PE ratio of 12.91, a PEG ratio of 1.76 and a beta of 0.91. The business has a 50 day simple moving average of $30.84 and a two-hundred day simple moving average of $31.70.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The business had revenue of $854.99 million during 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%. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. On average, analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 12,253 shares of Pinterest stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $32.24, for a total value of $395,036.72. Following the completion of the sale, the insider now directly owns 228,510 shares in the company, valued at approximately $7,367,162.40. The trade was a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total value of $31,050.00. Following the completion of the sale, the director now owns 26,786 shares of the company's stock, valued at approximately $723,222. The trade was a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,075,022 shares of company stock worth $35,533,745. 7.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PINS has been the topic of several research analyst reports. Citigroup raised their price objective on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday. Bank of America cut their price target on Pinterest from $46.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus cut their price target on Pinterest from $50.00 to $36.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and set a $40.00 price target (up from $38.00) on shares of Pinterest in a research note on Friday, May 9th. Finally, UBS Group cut their price target on Pinterest from $50.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.52.

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.