NorthRock Partners LLC Takes $312,000 Position in Pinterest, Inc. (NYSE:PINS)

NorthRock Partners LLC purchased a new position in Pinterest, Inc. (NYSE:PINS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,744 shares of the company's stock, valued at approximately $312,000.

A number of other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in Pinterest in the fourth quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL boosted its stake in Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after acquiring an additional 1,204 shares during the period. V Square Quantitative Management LLC boosted its stake in Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after acquiring an additional 590 shares during the period. Huntington National Bank boosted its stake in Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after acquiring an additional 1,680 shares during the period. Finally, CoreCap Advisors LLC boosted its stake in Pinterest by 98.5% in the fourth quarter. CoreCap Advisors LLC now owns 2,096 shares of the company's stock valued at $61,000 after acquiring an additional 1,040 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Stock Performance

Shares of NYSE PINS traded down $0.84 during trading on Friday, hitting $30.91. The company had a trading volume of 8,527,708 shares, compared to its average volume of 10,798,535. The company has a market cap of $20.96 billion, a P/E ratio of 11.49, a PEG ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The business's 50-day moving average is $28.74 and its 200 day moving average is $31.23.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The company had revenue of $854.99 million during the quarter, compared to the consensus estimate of $848.49 million. During the same period in the prior year, the company posted $0.17 EPS. Pinterest's quarterly revenue was up 15.5% on a year-over-year basis. On average, research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares of the company's stock, valued at $5,399,072.34. The trade was a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Donnelly Julia Brau sold 38,596 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $34.27, for a total transaction of $1,322,684.92. Following the sale, the chief financial officer now directly owns 231,879 shares in the company, valued at approximately $7,946,493.33. This trade represents a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 968,010 shares of company stock valued at $31,760,067 in the last three months. 7.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. TD Cowen cut their price target on Pinterest from $46.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Sanford C. Bernstein raised Pinterest from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $34.00 to $47.00 in a report on Friday, February 7th. BMO Capital Markets cut their price target on Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Wells Fargo & Company cut their price target on Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and a consensus price target of $40.26.

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.