Pinterest, Inc. $PINS Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its stake in shares of Pinterest, Inc. (NYSE:PINS) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,025,180 shares of the company’s stock after selling 102,105 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Pinterest were worth $52,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ProShare Advisors LLC acquired a new stake in Pinterest during the fourth quarter worth approximately $678,000. Cascade Financial Partners LLC acquired a new stake in Pinterest during the fourth quarter worth approximately $207,000. North Dakota State Investment Board acquired a new stake in Pinterest during the fourth quarter worth approximately $539,000. iA Global Asset Management Inc. raised its holdings in Pinterest by 69.8% during the fourth quarter. iA Global Asset Management Inc. now owns 87,059 shares of the company’s stock worth $2,254,000 after purchasing an additional 35,781 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in Pinterest during the fourth quarter worth approximately $286,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director directly owned 27,450 shares in the company, valued at $549,000. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is currently owned by company insiders.

Pinterest Stock Performance

Shares of PINS opened at $19.92 on Tuesday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The firm has a market cap of $11.16 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 1.05 and a beta of 0.93. The company’s 50 day simple moving average is $19.29 and its 200-day simple moving average is $22.61. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $965.84 million. During the same period last year, the firm posted $0.23 EPS. Pinterest’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, equities analysts predict that Pinterest, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 5th. Zacks Research raised shares of Pinterest from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. BMO Capital Markets restated an “outperform” rating and set a $30.00 target price on shares of Pinterest in a research report on Tuesday, May 5th. Cantor Fitzgerald set a $18.00 target price on shares of Pinterest in a research report on Friday, February 13th. Finally, Bank of America restated a “neutral” rating and set a $19.00 target price (down from $39.00) on shares of Pinterest in a research report on Friday, February 13th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.40.

Pinterest Profile

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.