Pinterest, Inc. $PINS Shares Purchased by GDS Wealth Management

GDS Wealth Management increased its holdings in Pinterest, Inc. (NYSE:PINS) by 10.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 294,929 shares of the company’s stock after acquiring an additional 28,945 shares during the period. GDS Wealth Management’s holdings in Pinterest were worth $9,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in shares of Pinterest during the 4th quarter worth $252,000. Integrated Wealth Concepts LLC raised its holdings in Pinterest by 5.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after buying an additional 607 shares during the period. Empowered Funds LLC lifted its position in Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after buying an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Pinterest by 39.5% during the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after buying an additional 2,649 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in Pinterest during the second quarter worth about $396,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America decreased their price objective on shares of Pinterest from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Piper Sandler reissued a “neutral” rating and issued a $33.00 target price (down previously from $35.00) on shares of Pinterest in a research report on Wednesday, November 5th. Guggenheim decreased their price target on Pinterest from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Barclays dropped their price objective on Pinterest from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Finally, Zacks Research lowered Pinterest from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and an average price target of $38.64.

Pinterest Trading Up 1.0%

NYSE:PINS opened at $25.92 on Friday. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The firm has a market cap of $17.51 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91. The stock has a fifty day moving average price of $26.24 and a 200 day moving average price of $31.63.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. Pinterest’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. Equities analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Activity at Pinterest

In other news, insider Malik Ducard sold 2,293 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $26.18, for a total value of $60,030.74. Following the sale, the insider directly owned 697,480 shares in the company, valued at approximately $18,260,026.40. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wanjiku Juanita Walcott sold 74,047 shares of Pinterest stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the sale, the insider directly owned 301,214 shares of the company’s stock, valued at approximately $8,099,644.46. This trade represents a 19.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,161 shares of company stock valued at $2,796,466 over the last 90 days. 7.06% of the stock is owned by corporate 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.