Compass Wealth Management LLC Lowers Holdings in Pinterest, Inc. $PINS

Compass Wealth Management LLC trimmed its holdings in Pinterest, Inc. (NYSE:PINS) by 49.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,290 shares of the company’s stock after selling 62,000 shares during the quarter. Compass Wealth Management LLC’s holdings in Pinterest were worth $1,639,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PINS. Snowden Capital Advisors LLC boosted its stake in shares of Pinterest by 4.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after acquiring an additional 296 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Pinterest by 3.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after acquiring an additional 358 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Pinterest by 0.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after acquiring an additional 464 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Pinterest by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after acquiring an additional 535 shares in the last quarter. Finally, Coyle Financial Counsel LLC boosted its stake in shares of Pinterest by 5.8% during the 3rd quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock worth $322,000 after acquiring an additional 551 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities increased their target price on shares of Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Barclays increased their target price on shares of Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note 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 research note on Monday, April 27th. Benchmark lowered their target price on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $24.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pinterest presently has an average rating of “Hold” and an average target price of $27.40.

Pinterest Stock Down 0.6%

PINS opened at $21.78 on Thursday. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $19.88 and a 200 day moving average price of $21.67. The company has a market cap of $12.20 billion, a PE ratio of 45.38, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $965.84 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Sell-side analysts expect that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $21.78, for a total transaction of $1,020,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02. Following the transaction, the insider owned 724,673 shares of the company’s stock, valued at approximately $14,826,809.58. This trade represents a 3.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 124,237 shares of company stock worth $2,604,190 in the last 90 days. Insiders own 8.09% of the company’s stock.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest announced an expanded partnership with Amazon that brings Amazon Storefronts into the Pinterest app, giving creators a new way to showcase products and earn affiliate revenue. This could improve engagement and help Pinterest monetize its user base more effectively. TechCrunch article
• Positive Sentiment: Other reports highlighted the same Amazon storefront integration as a creator-focused initiative, reinforcing the view that Pinterest is strengthening its commerce and affiliate ecosystem. CNET article
• Positive Sentiment: Recent commentary has also pointed to accelerating monetization, solid user growth, and attractive valuation metrics, which may be helping investors view Pinterest as a rebound candidate. Seeking Alpha article
• Neutral Sentiment: Pinterest has been drawing elevated attention from market watchers and Zacks users, which may be contributing to trading volume but does not by itself change the business outlook. Zacks article
• Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged 10b5-1 plan, a move that can weigh on sentiment even though the sale was scheduled in advance and disclosed to regulators. Insider trade reference

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.