Leonteq Securities AG Has $2.88 Million Holdings in Pinterest, Inc. $PINS

Leonteq Securities AG grew its position in shares of Pinterest, Inc. (NYSE:PINS) by 20.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,812 shares of the company’s stock after acquiring an additional 27,040 shares during the quarter. Leonteq Securities AG’s holdings in Pinterest were worth $2,876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in Pinterest in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its holdings in Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after buying an additional 1,049 shares during the last quarter. Addison Advisors LLC lifted its stake in shares of Pinterest by 727.3% in the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares in the last quarter. Garner Asset Management Corp bought a new position in shares of Pinterest in the fourth quarter valued at $36,000. Finally, MidFirst Bank acquired a new position in shares of Pinterest during the fourth quarter valued at about $44,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PINS shares. Morgan Stanley upped 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. Guggenheim reiterated a “buy” rating and set a $24.00 price target on shares of Pinterest in a research note on Monday, June 15th. Rosenblatt Securities increased their price objective on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Benchmark cut their target price 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, Piper Sandler reiterated a “neutral” rating and set a $26.00 price target (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Pinterest currently has a consensus rating of “Hold” and an average price target of $27.40.

Pinterest Price Performance

Pinterest stock opened at $22.06 on Friday. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The company’s 50 day moving average price is $20.47 and its two-hundred day moving average price is $21.02. 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 stock has a market cap of $12.35 billion, a P/E ratio of 45.95, a P/E/G ratio of 1.23 and a beta of 0.89.

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. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.Pinterest’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. On average, equities analysts predict that Pinterest, Inc. will post 0.66 earnings per share for the current year.

Insider Buying and Selling at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction 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 sale, the director directly owned 27,450 shares in the company, valued at $549,000. The trade was a 7.11% decrease in their position. The transaction was disclosed in a document filed 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 the business’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 completion of the transaction, the insider directly owned 724,673 shares in the company, valued at $14,826,809.58. This trade represents a 3.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 279,070 shares of company stock worth $5,817,283 in the last quarter. 8.09% of the stock is currently owned by company insiders.

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.