Pinterest, Inc. (NYSE:PINS) Position Trimmed by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC trimmed its stake in Pinterest, Inc. (NYSE:PINS) by 16.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,275 shares of the company’s stock after selling 1,406 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Pinterest were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Pinterest by 1.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 121,474 shares of the company’s stock valued at $3,523,000 after purchasing an additional 1,745 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Pinterest by 13.7% during the 4th quarter. Empowered Funds LLC now owns 10,420 shares of the company’s stock worth $302,000 after purchasing an additional 1,255 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Pinterest during the 4th quarter valued at about $375,000. Stephens Inc. AR grew its stake in shares of Pinterest by 100.5% in the 4th quarter. Stephens Inc. AR now owns 56,534 shares of the company’s stock valued at $1,639,000 after buying an additional 28,334 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in Pinterest by 47.0% in the fourth quarter. Savant Capital LLC now owns 15,094 shares of the company’s stock worth $438,000 after buying an additional 4,827 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PINS has been the subject of several recent research reports. TD Cowen decreased their target price on shares of Pinterest from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. BMO Capital Markets reduced their price objective on shares of Pinterest from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Oppenheimer increased their target price on shares of Pinterest from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Monness Crespi & Hardt reduced their price target on Pinterest from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Bank of America decreased their price target on Pinterest from $46.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.42.

Pinterest Price Performance

Shares of PINS stock opened at $34.18 on Monday. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The stock has a fifty day moving average price of $28.73 and a 200 day moving average price of $31.37. The stock has a market cap of $23.18 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 408,332 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $33.16, for a total value of $13,540,289.12. Following the sale, the director now owns 6,274 shares in the company, valued at approximately $208,045.84. The trade was a 98.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wanjiku Juanita Walcott sold 12,253 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $32.24, for a total transaction of $395,036.72. Following the sale, the insider now owns 228,510 shares of the company’s stock, valued at $7,367,162.40. This trade represents a 5.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,068,747 shares of company stock valued at $34,824,908. 7.06% of the stock is currently 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.