Fieldview Capital Management LLC Purchases 57,541 Shares of Pinterest, Inc. $PINS

Fieldview Capital Management LLC lifted its position in Pinterest, Inc. (NYSE:PINS) by 53.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,740 shares of the company’s stock after buying an additional 57,541 shares during the period. Pinterest comprises 0.7% of Fieldview Capital Management LLC’s holdings, making the stock its 20th largest position. Fieldview Capital Management LLC’s holdings in Pinterest were worth $4,291,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC bought a new position in Pinterest during the 4th quarter worth about $252,000. Integrated Wealth Concepts LLC grew its holdings in shares of Pinterest by 5.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after acquiring an additional 607 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Pinterest by 45.6% in the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after acquiring an additional 4,748 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Pinterest by 39.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Pinterest in the 2nd quarter valued at about $696,000. 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 the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the sale, the director directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 that occurred 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 sale, the insider owned 724,673 shares of the company’s stock, valued at approximately $14,826,809.58. The trade was a 3.64% decrease in their ownership of the stock. 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 124,237 shares of company stock worth $2,604,190 over the last three months. Insiders own 8.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PINS. Stifel Nicolaus raised their price objective on Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 price objective on shares of Pinterest in a report on Tuesday, May 5th. The Goldman Sachs Group restated a “buy” rating and issued a $28.00 price objective on shares of Pinterest in a report on Tuesday, May 5th. Piper Sandler restated a “neutral” rating and issued a $26.00 price objective (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Finally, Citigroup raised their price objective on Pinterest from $19.00 to $25.00 and gave the company a “neutral” 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.40.

Pinterest Trading Down 5.7%

Shares of PINS stock opened at $20.28 on Friday. The firm has a 50 day moving average price of $19.98 and a two-hundred day moving average price of $21.63. 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 market capitalization of $11.36 billion, a PE ratio of 42.25, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93.

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