Compass Wealth Management LLC trimmed its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,240 shares of the company's stock after selling 9,150 shares during the period. Compass Wealth Management LLC's holdings in Pinterest were worth $4,719,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC purchased a new position in Pinterest during the 1st quarter valued at about $25,000. Garde Capital Inc. purchased a new position in Pinterest during the 1st quarter valued at about $26,000. NBC Securities Inc. grew its holdings in Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after buying an additional 999 shares in the last quarter. American National Bank & Trust purchased a new position in Pinterest during the 1st quarter valued at about $32,000. Finally, Golden State Wealth Management LLC grew its holdings 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 buying an additional 1,058 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CFO Donnelly Julia Brau sold 29,606 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total value of $1,014,005.50. Following the completion of the sale, the chief financial officer owned 362,890 shares of the company's stock, valued at $12,428,982.50. This trade represents a 7.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Andrea Acosta sold 3,759 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $31.86, for a total value of $119,761.74. Following the completion of the sale, the chief accounting officer directly owned 171,373 shares of the company's stock, valued at $5,459,943.78. The trade was a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,176,362 shares of company stock valued at $39,645,976 over the last three months. Insiders own 7.11% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on PINS shares. KeyCorp lifted their target price on Pinterest from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, May 9th. UBS Group cut their price objective on Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group cut their price objective on Pinterest from $47.00 to $40.00 and set a "buy" rating for the company in a report on Monday, April 14th. Benchmark cut their price objective on Pinterest from $55.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Wells Fargo & Company set a $42.00 price objective on Pinterest and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $40.52.
Get Our Latest Report on PINS
Pinterest Stock Down 0.1%
Shares of Pinterest stock traded down $0.05 on Monday, hitting $35.63. The stock had a trading volume of 7,937,479 shares, compared to its average volume of 11,064,124. Pinterest, Inc. has a one year low of $23.68 and a one year high of $44.06. The stock has a market cap of $24.17 billion, a price-to-earnings ratio of 79.29, a PEG ratio of 1.76 and a beta of 0.94. The stock's 50-day simple moving average is $32.49 and its two-hundred day simple moving average is $31.98.
Pinterest (NYSE:PINS - Get Free Report) last issued its 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 return on equity of 8.13% and a net margin of 50.41%. The firm had revenue of $854.99 million during the quarter, compared to the consensus estimate of $848.49 million. During the same quarter in the prior year, the business posted $0.17 EPS. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.
About Pinterest
(
Free Report)
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.
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