357,859 Shares in Pinterest, Inc. $PINS Purchased by Invenomic Capital Management LP

Invenomic Capital Management LP bought a new position in Pinterest, Inc. (NYSE:PINS) during the 4th quarter, Holdings Channel reports. The fund bought 357,859 shares of the company’s stock, valued at approximately $9,265,000.

Several other large investors also recently modified their holdings of PINS. Revolve Wealth Partners LLC bought a new stake in shares of Pinterest in the fourth quarter worth about $252,000. Integrated Wealth Concepts LLC grew its stake in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after purchasing an additional 607 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after purchasing an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after purchasing an additional 2,649 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Pinterest in the second quarter worth about $696,000. 88.81% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $21.15, for a total value of $991,406.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of the business’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 transaction 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 171,112 shares of company stock worth $3,595,596. Insiders own 8.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Rothschild & Co Redburn set a $23.00 price objective on Pinterest and gave the company a “neutral” rating in a research report on Monday, April 27th. Oppenheimer lifted their price objective on Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. UBS Group lifted their price objective on Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Benchmark cut their price objective on Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Argus cut Pinterest from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Sixteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.40.

Pinterest Price Performance

PINS stock opened at $20.37 on Thursday. The firm has a 50 day moving average price of $20.15 and a 200-day moving average price of $21.51. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 42.43, a PEG ratio of 1.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $965.84 million. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. Equities research analysts forecast that Pinterest, Inc. will post 0.65 EPS for the current fiscal year.

About Pinterest

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.