Abacus FCF Advisors LLC Sells 29,821 Shares of Pinterest, Inc. (NYSE:PINS)

Abacus FCF Advisors LLC lessened its position in shares of Pinterest, Inc. (NYSE:PINS) by 39.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,243 shares of the company’s stock after selling 29,821 shares during the period. Abacus FCF Advisors LLC’s holdings in Pinterest were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PINS. Whipplewood Advisors LLC bought a new stake in shares of Pinterest during the 4th quarter worth approximately $28,000. NBC Securities Inc. lifted its stake in Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock valued at $31,000 after purchasing an additional 999 shares during the last quarter. American National Bank & Trust bought a new position in Pinterest in the 1st quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL lifted its stake in Pinterest by 401.3% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock valued at $44,000 after purchasing an additional 1,204 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Down 0.1%

PINS opened at $34.17 on Tuesday. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $45.19. The company has a fifty day moving average of $28.79 and a 200-day moving average of $31.40. The stock has a market cap of $23.18 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. During the same quarter last year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

PINS has been the subject of several research reports. Stifel Nicolaus dropped their price objective on shares of Pinterest from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Benchmark dropped their price objective on shares of Pinterest from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Morgan Stanley increased their price objective on shares of Pinterest from $28.00 to $37.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Guggenheim dropped their price objective on shares of Pinterest from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, KeyCorp increased their price objective on shares of Pinterest from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.42.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 12,253 shares of Pinterest stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $32.24, for a total value of $395,036.72. Following the completion of the sale, the insider now directly owns 228,510 shares of the company’s stock, valued at approximately $7,367,162.40. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of Pinterest stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $31.86, for a total transaction of $119,761.74. Following the completion of the sale, the chief accounting officer now directly owns 171,373 shares of the company’s stock, valued at approximately $5,459,943.78. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,068,747 shares of company stock valued at $34,824,908. Corporate insiders own 7.06% of the company’s stock.

Pinterest Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.