Pinterest, Inc. (NYSE:PINS) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC decreased its position in shares of Pinterest, Inc. (NYSE:PINS) by 11.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,911 shares of the company’s stock after selling 1,111 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Pinterest were worth $393,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PINS. Midland Wealth Advisors LLC bought a new position in Pinterest in the 2nd quarter worth about $353,000. Generate Investment Management Ltd bought a new position in Pinterest in the 2nd quarter worth approximately $11,001,000. Rhumbline Advisers increased its position in Pinterest by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 929,561 shares of the company’s stock valued at $40,966,000 after acquiring an additional 70,201 shares during the period. CIBC Asset Management Inc raised its stake in Pinterest by 6.4% during the 2nd quarter. CIBC Asset Management Inc now owns 20,152 shares of the company’s stock valued at $888,000 after acquiring an additional 1,212 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new position in Pinterest during the 2nd quarter worth $1,114,000. Institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PINS. Piper Sandler lowered their price target on Pinterest from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Citigroup lowered their target price on shares of Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $48.00 price target on shares of Pinterest in a research note on Wednesday, July 31st. Susquehanna lowered their price objective on shares of Pinterest from $50.00 to $45.00 and set a “positive” rating on the stock in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. cut their target price on Pinterest from $44.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.71.

Insider Buying and Selling at Pinterest

In related news, CAO Andrea Acosta sold 2,564 shares of Pinterest stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $45.00, for a total transaction of $115,380.00. Following the completion of the transaction, the chief accounting officer now directly owns 186,906 shares of the company’s stock, valued at approximately $8,410,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the transaction, the chief financial officer now directly owns 362,822 shares in the company, valued at $16,102,040.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Andrea Acosta sold 2,564 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $45.00, for a total transaction of $115,380.00. Following the completion of the sale, the chief accounting officer now directly owns 186,906 shares of the company’s stock, valued at approximately $8,410,770. The disclosure for this sale can be found here. Insiders have sold 36,689 shares of company stock valued at $1,628,002 in the last 90 days. 7.11% of the stock is currently owned by company insiders.

Pinterest Trading Down 1.5 %

PINS opened at $30.83 on Thursday. Pinterest, Inc. has a 1 year low of $23.59 and a 1 year high of $45.19. The stock has a fifty day moving average price of $36.10 and a 200 day moving average price of $37.30. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of 146.82, a PEG ratio of 3.57 and a beta of 1.00.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $853.68 million during the quarter, compared to analysts’ expectations of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. As a group, sell-side analysts forecast that Pinterest, Inc. will post 0.39 earnings per share for the current fiscal year.

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.