Janney Montgomery Scott LLC lifted its position in Pinterest (NYSE:PINS) by 71.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,282 shares of the company’s stock after acquiring an additional 10,990 shares during the period. Janney Montgomery Scott LLC’s holdings in Pinterest were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. NEXT Financial Group Inc boosted its stake in shares of Pinterest by 376.0% in the third quarter. NEXT Financial Group Inc now owns 952 shares of the company’s stock worth $25,000 after acquiring an additional 752 shares during the last quarter. Quad Cities Investment Group LLC acquired a new stake in shares of Pinterest in the second quarter worth approximately $27,000. Flagship Harbor Advisors LLC boosted its stake in shares of Pinterest by 73.5% in the third quarter. Flagship Harbor Advisors LLC now owns 1,062 shares of the company’s stock worth $28,000 after acquiring an additional 450 shares during the last quarter. Endurance Wealth Management Inc. acquired a new stake in shares of Pinterest in the third quarter worth approximately $30,000. Finally, Pathstone Family Office LLC acquired a new stake in shares of Pinterest in the second quarter worth approximately $38,000. 15.30% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on PINS shares. Zacks Investment Research lowered Pinterest from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $23.00 price target (down from $31.00) on shares of Pinterest in a research note on Friday, November 1st. DA Davidson raised Pinterest from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Friday, November 1st. Nomura lowered their price objective on Pinterest from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Credit Suisse Group lowered their price objective on Pinterest from $33.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.60.
NYSE PINS traded up $0.36 on Tuesday, reaching $20.76. 2,096,067 shares of the company were exchanged, compared to its average volume of 16,118,651. The business’s fifty day moving average price is $25.23 and its 200 day moving average price is $28.04. The company has a debt-to-equity ratio of 0.08, a quick ratio of 13.75 and a current ratio of 13.75. Pinterest has a fifty-two week low of $18.71 and a fifty-two week high of $36.83.
Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.16. The company had revenue of $279.70 million for the quarter, compared to analyst estimates of $282.09 million. Pinterest’s quarterly revenue was up 47.1% compared to the same quarter last year. On average, research analysts anticipate that Pinterest will post -3.38 earnings per share for the current year.
Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.
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