PBU The Pension Fund of Early Childhood & Youth Educators Buys Shares of 216,865 Pinterest, Inc. $PINS

PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in Pinterest, Inc. (NYSE:PINS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 216,865 shares of the company’s stock, valued at approximately $5,615,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PINS. Snowden Capital Advisors LLC grew its stake in shares of Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after acquiring an additional 296 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after acquiring an additional 358 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Pinterest by 0.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after acquiring an additional 464 shares during the last quarter. Simon Quick Advisors LLC grew its stake in shares of Pinterest by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after acquiring an additional 535 shares during the last quarter. Finally, Coyle Financial Counsel LLC grew its stake in shares of Pinterest by 5.8% during the third quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock worth $322,000 after acquiring an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Activity

In other Pinterest news, insider Wanjiku Juanita Walcott sold 27,337 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $20.46, for a total value of $559,315.02. Following the completion of the transaction, the insider directly owned 724,673 shares of the company’s stock, valued at approximately $14,826,809.58. The trade was a 3.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the transaction, the director directly owned 27,450 shares of the company’s stock, valued at $549,000. The trade was a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,362 shares of company stock valued at $1,583,253 in the last quarter. 8.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Pinterest from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Piper Sandler restated a “neutral” rating and set a $26.00 price target (up from $21.00) on shares of Pinterest in a research note on Tuesday, May 5th. Mizuho boosted their price target on Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, TD Cowen lifted their target price on Pinterest from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.40.

Trending Headlines about Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest’s expanded AWS deal should help support its AI roadmap, improve search and personalization, and potentially strengthen engagement and ad revenue over time. Pinterest Works with AWS to Power Next Chapter of AI-Driven Visual Search Discovery
• Positive Sentiment: Analysts turned more constructive after Pinterest’s strong first quarter, with Oppenheimer raising its price target to $30 and maintaining an Outperform rating, reinforcing bullish sentiment around the stock. Here is Why Pinterest (PINS) is One of the Best Large Cap Stocks Under $30
• Neutral Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged Rule 10b5-1 plan, which may weigh on sentiment a bit but does not necessarily reflect a change in outlook. Insider Selling: Pinterest (NYSE:PINS) Director Sells 46,875 Shares of Stock
• Neutral Sentiment: Some recent commentary noted Pinterest had been under pressure after earnings, but the AWS expansion is now the more important near-term catalyst for the stock. Pinterest signs $4 billion Amazon deal for cloud services

Pinterest Trading Down 1.1%

Pinterest stock opened at $21.36 on Friday. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 44.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The stock has a 50-day moving average price of $19.64 and a 200 day moving average price of $21.77.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. Sell-side analysts anticipate that Pinterest, Inc. will post 0.68 EPS for the current year.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.