One Capital Management LLC Boosts Stake in Pinterest, Inc. $PINS

One Capital Management LLC increased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 78.4% in the 4th quarter, HoldingsChannel reports. The firm owned 59,603 shares of the company’s stock after acquiring an additional 26,197 shares during the quarter. One Capital Management LLC’s holdings in Pinterest were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PINS. Elevated Capital Advisors LLC purchased a new position in shares of Pinterest during the fourth quarter worth $26,000. Atlantic Union Bankshares Corp raised its holdings in shares of Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 883 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after purchasing an additional 1,200 shares during the last quarter. Garner Asset Management Corp purchased a new position in shares of Pinterest during the fourth quarter worth $36,000. Finally, Fifth Third Bancorp raised its holdings in shares of Pinterest by 2,409.1% during the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock worth $44,000 after purchasing an additional 1,325 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insiders Place Their Bets

In other Pinterest 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 completion of the transaction, the director owned 27,450 shares of the company’s stock, valued at approximately $549,000. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a 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 27,337 shares of Pinterest stock in a transaction on Friday, May 29th. The shares were sold at an average price of $20.46, for a total transaction of $559,315.02. Following the completion of the transaction, the insider directly owned 724,673 shares of the company’s stock, valued at $14,826,809.58. The trade was a 3.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,537 shares of company stock valued at $643,315 in the last ninety days. 8.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PINS. Royal Bank Of Canada raised their target price 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. Rothschild & Co Redburn set a $23.00 target price on shares of Pinterest and gave the stock a “neutral” rating in a report on Monday, April 27th. Stifel Nicolaus raised their target price on shares of Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Evercore set a $27.00 target price on shares of Pinterest in a report on Tuesday, May 5th. Finally, Morgan Stanley raised their target price on shares of Pinterest from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.40.

Pinterest Stock Down 0.6%

PINS opened at $20.74 on Thursday. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week 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 has a fifty day moving average of $19.53 and a two-hundred day moving average of $21.81. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 43.20, a PEG ratio of 1.13 and a beta of 0.92.

Pinterest (NYSE:PINS) last released 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, research analysts expect that Pinterest, Inc. will post 0.68 earnings per share for the current year.

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.