Koshinski Asset Management Inc. Acquires Shares of 6,296 Pinterest, Inc. $PINS

Koshinski Asset Management Inc. acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,296 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC boosted its holdings in Pinterest by 16.5% during the second quarter. TD Private Client Wealth LLC now owns 2,623 shares of the company’s stock valued at $94,000 after purchasing an additional 371 shares in the last quarter. Riverpark Capital Management LLC boosted its holdings in Pinterest by 1.2% during the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company’s stock valued at $987,000 after purchasing an additional 377 shares in the last quarter. Optas LLC boosted its holdings in Pinterest by 1.9% during the second quarter. Optas LLC now owns 23,315 shares of the company’s stock valued at $836,000 after purchasing an additional 442 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Pinterest by 18.6% during the first quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company’s stock valued at $96,000 after purchasing an additional 476 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. boosted its holdings in Pinterest by 1.4% during the second quarter. ASR Vermogensbeheer N.V. now owns 35,941 shares of the company’s stock valued at $1,289,000 after purchasing an additional 485 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Stock Performance

NYSE:PINS opened at $33.79 on Wednesday. The stock’s fifty day moving average price is $34.65 and its two-hundred day moving average price is $33.24. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.38 and a beta of 0.81.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $665.93 million for the quarter. On average, equities analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group boosted their target price on Pinterest from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Cowen reissued a “buy” rating on shares of Pinterest in a report on Friday, August 8th. Morgan Stanley raised Pinterest from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $37.00 to $45.00 in a report on Monday, July 21st. Finally, Barclays boosted their target price on Pinterest from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and a consensus target price of $42.67.

Insider Buying and Selling at Pinterest

In other news, CAO Andrea Acosta sold 3,759 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $34.96, for a total value of $131,414.64. Following the transaction, the chief accounting officer owned 157,402 shares of the company’s stock, valued at $5,502,773.92. This represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the completion of the transaction, the chief financial officer owned 312,422 shares in the company, valued at $10,887,906.70. This represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 640,236 shares of company stock worth $22,878,326. 7.11% of the stock is currently owned by insiders.

About Pinterest

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.