Hantz Financial Services Inc. Has $3.81 Million Position in Pinterest, Inc. $PINS

Hantz Financial Services Inc. cut its stake in shares of Pinterest, Inc. (NYSE:PINS) by 27.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 147,065 shares of the company’s stock after selling 56,252 shares during the quarter. Hantz Financial Services Inc.’s holdings in Pinterest were worth $3,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Snowden Capital Advisors LLC lifted its holdings in Pinterest by 4.4% during the 2nd 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 lifted its holdings in Pinterest by 3.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Pinterest by 46.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after buying an additional 419 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Pinterest by 0.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 88,297 shares of the company’s stock worth $2,841,000 after acquiring an additional 448 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its position in shares of Pinterest by 0.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after acquiring an additional 464 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Trading Up 0.4%

NYSE:PINS opened at $19.37 on Wednesday. The company has a market cap of $10.85 billion, a P/E ratio of 40.36, a P/E/G ratio of 1.04 and a beta of 0.93. The stock’s fifty day moving average price is $19.29 and its two-hundred day moving average price is $22.07. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. 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 released its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, analysts expect that Pinterest, Inc. will post 0.68 EPS for the current year.

Insider Activity

In other news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the transaction, the director directly owned 27,450 shares of the company’s stock, valued at approximately $549,000. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PINS. KeyCorp lowered their price objective on Pinterest from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Robert W. Baird lifted their price objective on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Evercore set a $27.00 target price on Pinterest in a research report on Tuesday, May 5th. Finally, Barclays lifted their price target on Pinterest from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Sixteen investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.40.

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.