Pinterest, Inc. (NYSE:PINS) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC lowered its position in Pinterest, Inc. (NYSE:PINS) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,240 shares of the company’s stock after selling 9,150 shares during the quarter. Compass Wealth Management LLC’s holdings in Pinterest were worth $4,719,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PINS. Revolve Wealth Partners LLC purchased a new position in Pinterest in the fourth quarter valued at approximately $252,000. US Bancorp DE grew its position in shares of Pinterest by 27.2% during the fourth quarter. US Bancorp DE now owns 23,698 shares of the company’s stock worth $687,000 after acquiring an additional 5,063 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Pinterest by 20.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company’s stock worth $75,000 after acquiring an additional 429 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Pinterest by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company’s stock worth $725,000 after acquiring an additional 11,925 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Pinterest by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,307,408 shares of the company’s stock worth $124,915,000 after acquiring an additional 54,412 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Price Performance

Shares of NYSE PINS opened at $35.74 on Friday. The stock has a market capitalization of $24.24 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $44.06. The business has a fifty day moving average price of $32.30 and a 200 day moving average price of $31.92.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $854.99 million for the quarter, compared to analysts’ expectations of $848.49 million. Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,510 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $35.68, for a total value of $410,676.80. Following the completion of the sale, the insider directly owned 390,230 shares in the company, valued at approximately $13,923,406.40. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeremy S. Levine sold 6,274 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $34.11, for a total value of $214,006.14. Following the completion of the sale, the director owned 1,158,833 shares of the company’s stock, valued at approximately $39,527,793.63. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,176,362 shares of company stock worth $39,645,976 over the last ninety days. 7.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on PINS. JPMorgan Chase & Co. raised Pinterest from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $40.00 in a research note on Tuesday, June 3rd. TD Cowen cut their price target on shares of Pinterest from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Benchmark lowered their price objective on shares of Pinterest from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. UBS Group cut their target price on Pinterest from $50.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Raymond James Financial cut Pinterest from an “overweight” rating to a “market perform” rating in a research note on Monday, April 7th. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.52.

About Pinterest

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.