51,805 Shares in Pinterest, Inc. $PINS Purchased by Rare Wolf Capital LLC

Rare Wolf Capital LLC purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,805 shares of the company’s stock, valued at approximately $1,341,000.

Several other institutional investors have also recently made changes to their positions in PINS. Snowden Capital Advisors LLC grew its stake in shares of Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after buying an additional 296 shares in the last quarter. EP Wealth Advisors LLC raised its position in 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 in the last quarter. Central Pacific Bank Trust Division lifted its stake in Pinterest by 0.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock valued at $2,484,000 after acquiring an additional 464 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in Pinterest by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock valued at $265,000 after acquiring an additional 535 shares during the last quarter. Finally, Coyle Financial Counsel LLC grew its position in shares of Pinterest by 5.8% in the 3rd quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock valued at $322,000 after acquiring an additional 551 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Performance

Shares of NYSE PINS opened at $20.29 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The stock’s fifty day moving average price is $20.19 and its two-hundred day moving average price is $21.47. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 42.27, a P/E/G ratio of 1.16 and a beta of 0.92.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS. On average, equities analysts forecast that Pinterest, Inc. will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PINS shares. JPMorgan Chase & Co. boosted their price objective on shares of Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. UBS Group raised their target price on shares of Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Robert W. Baird lifted their price target on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Morgan Stanley boosted their price target on Pinterest from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company raised their price objective on Pinterest from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.40.

Insider Activity at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 27,337 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $20.46, for a total transaction of $559,315.02. Following the transaction, the insider directly owned 724,673 shares of the company’s stock, valued at approximately $14,826,809.58. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the sale, the director owned 27,450 shares of the company’s stock, valued at $549,000. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 171,112 shares of company stock worth $3,595,596. Corporate insiders own 8.09% of the company’s stock.

Pinterest 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.