122,367 Shares in Pinterest, Inc. $PINS Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super bought a new position in Pinterest, Inc. (NYSE:PINS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 122,367 shares of the company’s stock, valued at approximately $2,244,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PINS. Yousif Capital Management LLC grew its position in Pinterest by 2,298.3% in the 4th quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock worth $4,701,000 after purchasing an additional 177,449 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of Pinterest by 61.2% in the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock valued at $10,289,000 after buying an additional 150,900 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Pinterest in the fourth quarter valued at about $12,812,000. KLP Kapitalforvaltning AS grew its position in Pinterest by 103.4% during the fourth quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company’s stock worth $21,709,000 after buying an additional 426,300 shares in the last quarter. Finally, Freemont Management S.A. acquired a new stake in Pinterest during the fourth quarter worth about $2,540,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Trading Up 0.3%

NYSE PINS opened at $23.17 on Friday. The stock has a 50-day simple moving average of $20.93 and a 200 day simple moving average of $20.80. The company has a market capitalization of $12.98 billion, a PE ratio of 48.26, a P/E/G ratio of 1.30 and a beta of 0.89. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93.

Pinterest (NYSE:PINS) last issued its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. Research analysts forecast that Pinterest, Inc. will post 0.66 EPS for the current year.

Insider Buying and Selling

In related news, insider Wanjiku Juanita Walcott sold 14,208 shares of Pinterest stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $279,187.20. Following the transaction, the insider owned 691,840 shares of the company’s stock, valued at $13,594,656. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $22.63, for a total transaction of $1,060,781.25. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 323,845 shares of company stock worth $6,836,065 over the last quarter. 8.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Stifel Nicolaus upped their price target on Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $24.00 price objective on shares of Pinterest in a report on Tuesday, May 5th. Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $26.00 target price (up from $21.00) on shares of Pinterest in a research report on Tuesday, May 5th. Finally, Oppenheimer lifted their price target on shares of Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Pinterest has a consensus rating of “Hold” and a consensus price target of $27.66.

About Pinterest

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.