Raymond James Trust N.A. Purchases 319 Shares of Pinterest, Inc. (NYSE:PINS)

Raymond James Trust N.A. increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 1.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,012 shares of the company’s stock after acquiring an additional 319 shares during the period. Raymond James Trust N.A.’s holdings in Pinterest were worth $1,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Pinterest during the 4th quarter worth $27,000. Hexagon Capital Partners LLC grew its position in shares of Pinterest by 157.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after buying an additional 459 shares during the last quarter. Quent Capital LLC grew its position in shares of Pinterest by 71.2% in the 1st quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock valued at $38,000 after buying an additional 460 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Pinterest in the 4th quarter valued at about $43,000. Finally, First Community Trust NA bought a new stake in shares of Pinterest in the 2nd quarter valued at about $53,000. Institutional investors own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PINS. Robert W. Baird reduced their price target on Pinterest from $44.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group upped their price target on Pinterest from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Roth Mkm reduced their price target on Pinterest from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Susquehanna dropped their price objective on Pinterest from $50.00 to $45.00 and set a “positive” rating on the stock in a research note on Wednesday, July 31st. Finally, BMO Capital Markets boosted their price objective on Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.71.

Insider Activity

In other news, CAO Andrea Acosta sold 2,564 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $45.00, for a total value of $115,380.00. Following the completion of the transaction, the chief accounting officer now directly owns 186,906 shares of the company’s stock, valued at $8,410,770. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Pinterest news, CAO Andrea Acosta sold 2,564 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $45.00, for a total transaction of $115,380.00. Following the completion of the transaction, the chief accounting officer now directly owns 186,906 shares of the company’s stock, valued at $8,410,770. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total value of $1,343,826.40. Following the transaction, the chief financial officer now directly owns 362,822 shares of the company’s stock, valued at $16,102,040.36. The disclosure for this sale can be found here. Insiders sold a total of 48,316 shares of company stock valued at $2,109,592 over the last three months. Corporate insiders own 7.11% of the company’s stock.

Pinterest Stock Performance

PINS traded up $0.32 during midday trading on Friday, reaching $32.34. 5,598,757 shares of the company were exchanged, compared to its average volume of 9,930,240. The company’s fifty day moving average price is $37.84 and its 200 day moving average price is $37.59. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 154.00, a price-to-earnings-growth ratio of 3.45 and a beta of 0.97. Pinterest, Inc. has a one year low of $23.59 and a one year high of $45.19.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $853.68 million during the quarter, compared to analyst estimates of $848.75 million. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.39 earnings per share for the current fiscal year.

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.