180 Wealth Advisors LLC Buys 38,838 Shares of Pinterest, Inc. $PINS

180 Wealth Advisors LLC lifted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 122.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 70,566 shares of the company’s stock after purchasing an additional 38,838 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Pinterest were worth $1,294,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PINS. Norges Bank acquired a new stake in Pinterest during the 4th quarter worth approximately $357,945,000. Davis Selected Advisers bought a new position in shares of Pinterest during the third quarter valued at $253,887,000. State Street Corp raised its stake in shares of Pinterest by 52.6% during the fourth quarter. State Street Corp now owns 21,492,169 shares of the company’s stock valued at $556,432,000 after acquiring an additional 7,412,213 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Pinterest by 30.5% during the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock worth $694,082,000 after purchasing an additional 6,258,628 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Pinterest by 15.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock worth $719,994,000 after purchasing an additional 3,669,476 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Up 0.1%

Shares of Pinterest stock opened at $22.53 on Monday. The stock’s 50-day moving average is $20.76 and its 200 day moving average is $20.87. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 46.94, a PEG ratio of 1.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23.

Pinterest (NYSE:PINS) last issued its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. During the same period in the previous year, the company posted $0.23 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts anticipate that Pinterest, Inc. will post 0.66 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on PINS shares. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a research report on Sunday. Stifel Nicolaus upped their price target on Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Evercore set a $27.00 price target on Pinterest in a research note on Tuesday, May 5th. Barclays upped their target price on Pinterest from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $30.00 price target on shares of Pinterest in a report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.42.

Insider Activity

In other news, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the sale, the director owned 27,450 shares in the company, valued at $549,000. The trade was a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $279,187.20. Following the transaction, the insider owned 691,840 shares in the company, valued at $13,594,656. The trade was a 2.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 325,945 shares of company stock worth $6,878,065 in the last quarter. 8.09% of the stock is owned by corporate insiders.

Pinterest Company 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.