Pinterest, Inc. $PINS Shares Bought by Infusive Asset Management Inc.

Infusive Asset Management Inc. raised its position in shares of Pinterest, Inc. (NYSE:PINS) by 78.5% during the 4th quarter, Holdings Channel reports. The firm owned 124,263 shares of the company’s stock after buying an additional 54,653 shares during the quarter. Infusive Asset Management Inc.’s holdings in Pinterest were worth $3,217,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PINS. Elevated Capital Advisors LLC purchased a new stake in Pinterest during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its stake in Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Addison Advisors LLC grew its stake in Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after purchasing an additional 1,200 shares during the last quarter. Garner Asset Management Corp purchased a new stake in Pinterest during the 4th quarter valued at about $36,000. Finally, Fifth Third Bancorp grew its stake in Pinterest by 2,409.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $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.

Insider Activity

In other news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director owned 27,450 shares in the company, valued at $549,000. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $21.78, for a total value of $1,020,937.50. 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 have sold a total of 124,237 shares of company stock worth $2,604,190 over the last quarter. 8.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Oppenheimer boosted their price target on Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Guggenheim raised their target price on Pinterest from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Barclays raised their target price on Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their target price on Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Pinterest presently has an average rating of “Hold” and an average target price of $27.40.

Pinterest Trading Down 5.7%

Shares of NYSE:PINS opened at $20.28 on Friday. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 42.25, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The business’s 50 day moving average price is $19.98 and its 200-day moving average price is $21.63.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. On average, equities research analysts forecast that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

Pinterest Company 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.