U.S. Capital Wealth Advisors LLC Invests $1.45 Million in Pinterest, Inc. (NYSE:PINS)

U.S. Capital Wealth Advisors LLC acquired a new position in Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,609 shares of the company's stock, valued at approximately $1,445,000.

Several other institutional investors have also bought and sold shares of PINS. Envestnet Asset Management Inc. raised its position in Pinterest by 8.5% in the first quarter. Envestnet Asset Management Inc. now owns 670,132 shares of the company's stock worth $20,774,000 after acquiring an additional 52,563 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in Pinterest in the first quarter worth about $261,000. Capital Investment Advisory Services LLC bought a new stake in Pinterest in the first quarter worth about $200,000. IFM Investors Pty Ltd raised its position in Pinterest by 8.6% in the first quarter. IFM Investors Pty Ltd now owns 119,737 shares of the company's stock worth $3,876,000 after acquiring an additional 9,486 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its position in Pinterest by 6.2% in the first quarter. Resonant Capital Advisors LLC now owns 11,787 shares of the company's stock worth $365,000 after acquiring an additional 686 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Stock Performance

Shares of NYSE PINS traded down $0.35 during midday trading on Friday, reaching $35.45. 4,121,036 shares of the company traded hands, compared to its average volume of 11,078,117. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $42.20. The firm has a market cap of $24.04 billion, a PE ratio of 12.94, a PEG ratio of 1.75 and a beta of 0.94. The stock's 50-day simple moving average is $33.27 and its 200-day simple moving average is $32.15.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on PINS. BMO Capital Markets cut their price objective on Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Wedbush restated an "outperform" rating and set a $40.00 price objective (up previously from $38.00) on shares of Pinterest in a report on Friday, May 9th. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the company an "overweight" rating in a report on Tuesday, July 1st. UBS Group dropped their target price on Pinterest from $50.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler dropped their target price on Pinterest from $41.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and an average target price of $40.52.

Insiders Place Their Bets

In related news, insider Wanjiku Juanita Walcott sold 11,510 shares of Pinterest stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $35.68, for a total value of $410,676.80. Following the completion of the sale, the insider directly owned 390,230 shares in the company, valued at $13,923,406.40. This trade represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $35.50, for a total value of $3,623,946.50. Following the completion of the sale, the director owned 8,414 shares of the company's stock, valued at approximately $298,697. The trade was a 92.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,278,445 shares of company stock valued at $43,269,922. 7.06% of the stock is owned by corporate insiders.

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.