1,769,151 Shares in Pinterest (NYSE:PINS) Purchased by Eagle Asset Management Inc.

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Eagle Asset Management Inc. bought a new position in shares of Pinterest (NYSE:PINS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,769,151 shares of the company’s stock, valued at approximately $46,794,000. Eagle Asset Management Inc. owned 0.33% of Pinterest as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC grew its holdings in Pinterest by 73.5% during the third quarter. Flagship Harbor Advisors LLC now owns 1,062 shares of the company’s stock worth $28,000 after acquiring an additional 450 shares during the period. NEXT Financial Group Inc boosted its position in shares of Pinterest by 376.0% in the 3rd quarter. NEXT Financial Group Inc now owns 952 shares of the company’s stock valued at $25,000 after purchasing an additional 752 shares during the period. Quad Cities Investment Group LLC acquired a new position in shares of Pinterest in the 2nd quarter valued at $27,000. Endurance Wealth Management Inc. acquired a new position in shares of Pinterest in the 3rd quarter valued at $30,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Pinterest in the 2nd quarter valued at $38,000. 14.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on PINS shares. Deutsche Bank decreased their price target on Pinterest from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Argus upgraded Pinterest from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Thursday, August 15th. DA Davidson upgraded Pinterest from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Friday, November 1st. UBS Group set a $28.00 price target on Pinterest and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Credit Suisse Group decreased their price target on Pinterest from $33.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. Pinterest has a consensus rating of “Hold” and an average price target of $28.60.

Shares of NYSE PINS opened at $20.06 on Friday. Pinterest has a one year low of $18.71 and a one year high of $36.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 15.06 and a current ratio of 13.75. The business has a 50-day moving average price of $25.63 and a two-hundred day moving average price of $28.10.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.16. The business had revenue of $279.70 million for the quarter, compared to analyst estimates of $282.09 million. The business’s revenue was up 47.1% on a year-over-year basis. As a group, analysts anticipate that Pinterest will post -3.38 earnings per share for the current year.

Pinterest Company Profile

Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.

See Also: Capital Gains Distribution

Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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