7,900 Shares in Pinterest, Inc. (NYSE:PINS) Bought by Avestar Capital LLC

Avestar Capital LLC purchased a new stake in Pinterest, Inc. (NYSE:PINS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,900 shares of the company’s stock, valued at approximately $229,000.

Several other institutional investors have also added to or reduced their stakes in PINS. GAMMA Investing LLC increased its holdings in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Pinterest during the 3rd quarter valued at approximately $37,000. Crewe Advisors LLC raised its holdings in shares of Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after buying an additional 550 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after buying an additional 1,487 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in shares of Pinterest by 44.2% during the third quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock valued at $74,000 after buying an additional 703 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Price Performance

Shares of Pinterest stock opened at $38.96 on Friday. The stock has a market capitalization of $26.33 billion, a P/E ratio of 14.48, a PEG ratio of 1.72 and a beta of 1.06. The business has a 50 day simple moving average of $32.19 and a two-hundred day simple moving average of $31.55. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 9.20%. As a group, research analysts anticipate that Pinterest, Inc. will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the transaction, the insider now owns 246,921 shares of the company’s stock, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,157 shares of company stock worth $589,131. 7.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group lowered their price target on Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their target price on Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Cantor Fitzgerald raised their price target on shares of Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Barclays upped their price objective on shares of Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of Pinterest in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, Pinterest has a consensus rating of “Moderate Buy” and an average target price of $43.86.

Pinterest Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.