Collaborative Fund Advisors LLC Buys Shares of 93,629 Pinterest, Inc. $PINS

Collaborative Fund Advisors LLC bought a new position in Pinterest, Inc. (NYSE:PINS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 93,629 shares of the company’s stock, valued at approximately $1,717,000.

Several other hedge funds have also recently modified their holdings of PINS. Elevated Capital Advisors LLC purchased a new position in Pinterest in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted 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 acquiring an additional 1,049 shares during the period. Addison Advisors LLC boosted its holdings in shares of 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 acquiring an additional 1,200 shares during the last quarter. Garner Asset Management Corp purchased a new stake in shares of Pinterest during the 4th quarter valued at about $36,000. Finally, MidFirst Bank bought a new stake in shares of Pinterest in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $21.45, for a total value of $1,005,468.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of Pinterest stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total transaction of $279,187.20. Following the transaction, the insider owned 691,840 shares in the company, valued at $13,594,656. This represents a 2.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 279,070 shares of company stock valued at $5,817,283. Insiders own 8.09% of the company’s stock.

Pinterest Price Performance

NYSE PINS opened at $22.06 on Monday. 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 $12.35 billion, a P/E ratio of 45.95, a PEG ratio of 1.24 and a beta of 0.89. 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 $20.50 and a 200-day moving average price of $21.00.

Pinterest (NYSE:PINS) last issued its quarterly earnings data 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. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. Equities research analysts anticipate that Pinterest, Inc. will post 0.66 earnings per share for the current year.

Wall Street Analyst Weigh In

PINS has been the subject of several research reports. Oppenheimer boosted their price objective on shares of Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Rosenblatt Securities raised their target price on shares of Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Wall Street Zen downgraded shares of Pinterest from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird boosted their target price on shares of Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Citigroup increased their price target on Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.40.

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.