Pinterest, Inc. (NYSE:PINS) Stake Lifted by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd increased its stake in Pinterest by 78.1%, owning a total of 102,540 shares valued at approximately $3.2 million after purchasing an additional 44,958 shares in Q1.
• Pinterest's recent earnings report showed a miss in EPS of $0.23 compared to the consensus estimate of $0.25, but revenue increased by 15.5% year-over-year.
• Analysts' ratings on Pinterest vary, with 25 issuing buy ratings and a consensus price target of $41.81, indicating a generally positive outlook despite some recent adjustments.

Mediolanum International Funds Ltd raised its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 78.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,540 shares of the company's stock after acquiring an additional 44,958 shares during the quarter. Mediolanum International Funds Ltd's holdings in Pinterest were worth $3,227,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Pinterest during the 1st quarter worth $25,000. Garde Capital Inc. acquired a new position in shares of Pinterest during the 1st quarter worth $26,000. NBC Securities Inc. raised its stake in shares of Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after buying an additional 999 shares during the last quarter. American National Bank & Trust acquired a new position in shares of Pinterest during the 1st quarter worth $32,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Pinterest by 665.4% during the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after buying an additional 1,058 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Activity

In other news, Director Benjamin Silbermann sold 408,332 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total value of $13,540,289.12. Following the completion of the sale, the director directly owned 6,274 shares in the company, valued at approximately $208,045.84. The trade was a 98.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 1,502,611 shares of company stock valued at $51,602,943. Corporate insiders own 7.06% of the company's stock.

Pinterest Price Performance

Pinterest stock traded up $0.39 during midday trading on Thursday, hitting $38.69. 6,184,109 shares of the company were exchanged, compared to its average volume of 11,629,224. The company's fifty day moving average price is $35.02 and its 200-day moving average price is $32.75. The company has a market cap of $26.24 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.94. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly 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). Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The company had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. During the same period last year, the firm posted $0.17 earnings per share. The business's revenue was up 15.5% on a year-over-year basis. On average, analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PINS has been the subject of a number of recent research reports. Bank of America dropped their price objective on Pinterest from $46.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. TD Cowen lifted their price objective on Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Wedbush lifted their price objective on Pinterest from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Raymond James Financial cut Pinterest from an "overweight" rating to a "market perform" rating in a research report on Monday, April 7th. Finally, Benchmark lifted their price objective on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $41.81.

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.