Paragon Capital Management Ltd Sells 60,603 Shares of Pinterest, Inc. $PINS

Key Points

• Paragon Capital Management trimmed its stake in Pinterest by 11.2%, selling 60,603 shares and leaving it with 481,906 shares valued at about $12.48 million (Pinterest is ~2.5% of Paragon's portfolio and its 11th-largest position).
• Pinterest's most recent quarterly results slightly missed expectations—EPS $0.67 vs. $0.68 and revenue $1.32B vs. $1.33B (revenue +14.3% YoY)—and several analysts cut price targets, leaving an average consensus rating of "Hold" with an average price target of $25.42.
• Insider Malik Ducard sold 2,293 shares, and ownership is concentrated with institutions (about 88.81%) while corporate insiders hold roughly 7.06% of the stock.

Paragon Capital Management Ltd reduced its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 481,906 shares of the company's stock after selling 60,603 shares during the quarter. Pinterest accounts for approximately 2.5% of Paragon Capital Management Ltd's holdings, making the stock its 11th biggest position. Paragon Capital Management Ltd owned about 0.07% of Pinterest worth $12,477,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PINS. Revolve Wealth Partners LLC bought a new stake in shares of Pinterest during the 4th quarter valued at about $252,000. Integrated Wealth Concepts LLC grew its stake in shares of Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company's stock valued at $339,000 after purchasing an additional 607 shares during the period. Empowered Funds LLC grew its position in shares of Pinterest by 45.6% during the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company's stock valued at $470,000 after acquiring an additional 4,748 shares during the period. Sivia Capital Partners LLC grew its position in shares of Pinterest by 39.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company's stock valued at $335,000 after acquiring an additional 2,649 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Pinterest during the 2nd quarter valued at $696,000. 88.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Malik Ducard sold 2,293 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total value of $50,583.58. Following the completion of the transaction, the insider owned 695,187 shares of the company's stock, valued at approximately $15,335,825.22. This represents a 0.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 7.06% of the company's stock.

Pinterest Stock Performance

Shares of Pinterest stock opened at $17.98 on Friday. The company has a market capitalization of $11.96 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.18 and a beta of 0.88. The company has a fifty day moving average of $18.48 and a 200 day moving average of $24.98. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. Analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of recent research reports. Royal Bank Of Canada downgraded shares of Pinterest from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $38.00 to $17.00 in a research report on Friday, February 13th. Cantor Fitzgerald set a $18.00 price objective on shares of Pinterest in a research report on Friday, February 13th. The Goldman Sachs Group reissued a "buy" rating and set a $23.00 price objective on shares of Pinterest in a research report on Friday, February 13th. Stifel Nicolaus cut their price objective on shares of Pinterest from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, February 13th. Finally, Barclays cut their price objective on Pinterest from $36.00 to $25.00 and set an "equal weight" rating for the company in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Pinterest currently has an average rating of "Hold" and an average price target of $25.42.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate "Pins" — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company's primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.