Pinterest, Inc. $PINS Stake Boosted by Centaurus Financial Inc.

Centaurus Financial Inc. boosted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 100.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,191 shares of the company’s stock after buying an additional 40,163 shares during the period. Centaurus Financial Inc.’s holdings in Pinterest were worth $2,580,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Snowden Capital Advisors LLC boosted its holdings in shares of Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after buying an additional 296 shares during the period. EP Wealth Advisors LLC raised its holdings in shares of Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after acquiring an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its position in shares of Pinterest by 3.6% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock valued at $369,000 after acquiring an additional 359 shares in the last quarter. Dynamic Wealth Strategies LLC lifted its position in shares of Pinterest by 5.8% in the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock valued at $237,000 after acquiring an additional 361 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Pinterest by 22.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,143 shares of the company’s stock worth $69,000 after purchasing an additional 389 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Stock Up 1.2%

Shares of NYSE:PINS opened at $18.78 on Thursday. The firm has a fifty day moving average of $20.83 and a two-hundred day moving average of $26.93. The firm has a market capitalization of $12.49 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $0.56 earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. Equities research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. TD Cowen lowered their price objective on shares of Pinterest from $44.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Zacks Research raised Pinterest from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $23.00 price target on shares of Pinterest in a report on Friday, February 13th. BMO Capital Markets set a $28.00 price target on Pinterest and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded Pinterest from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average price target of $25.87.

Insider Transactions at Pinterest

In other Pinterest news, insider Malik Ducard sold 6,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $155,160.00. Following the transaction, the insider directly owned 699,773 shares of the company’s stock, valued at $18,096,129.78. This represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the sale, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,457 shares of company stock worth $876,925 in the last 90 days. Corporate insiders own 7.06% of the company’s stock.

Pinterest 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.