Pinterest, Inc. $PINS Shares Purchased by Senvest Management LLC

Senvest Management LLC increased its holdings in Pinterest, Inc. (NYSE:PINS) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,594,581 shares of the company’s stock after acquiring an additional 175,000 shares during the period. Pinterest makes up about 2.2% of Senvest Management LLC’s holdings, making the stock its 17th largest holding. Senvest Management LLC’s holdings in Pinterest were worth $65,925,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new stake in Pinterest in the fourth quarter valued at $252,000. Integrated Wealth Concepts LLC increased its position in shares of Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after purchasing an additional 607 shares during the last quarter. Empowered Funds LLC raised its holdings in Pinterest by 45.6% in the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after buying an additional 4,748 shares during the period. Sivia Capital Partners LLC raised its holdings in Pinterest by 39.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after buying an additional 2,649 shares during the period. Finally, Jump Financial LLC acquired a new position in Pinterest in the second quarter valued at about $696,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Up 1.3%

Shares of PINS opened at $22.18 on Friday. The stock has a market capitalization of $12.43 billion, a PE ratio of 46.22, a P/E/G ratio of 1.25 and a beta of 0.89. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. The company’s 50-day simple moving average is $21.20 and its 200-day simple moving average is $20.68.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PINS shares. Robert W. Baird increased their target price on shares of Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Stifel Nicolaus boosted their price target on shares of Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group restated a “buy” rating and issued a $28.00 price objective on shares of Pinterest in a report on Tuesday, May 5th. Rosenblatt Securities increased their price objective on shares of Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Benchmark dropped their target price on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.69.

Insider Buying and Selling

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

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.