Eurizon Capital SGR S.p.A. Takes $1.19 Million Position in Pinterest, Inc. $PINS

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 45,769 shares of the company’s stock, valued at approximately $1,185,000.

Several other institutional investors have also made changes to their positions in the company. Future Fund LLC lifted its holdings in shares of Pinterest by 29.1% during the 4th quarter. Future Fund LLC now owns 118,186 shares of the company’s stock valued at $3,060,000 after buying an additional 26,675 shares during the last quarter. National Pension Service lifted its holdings in shares of Pinterest by 39.2% during the 4th quarter. National Pension Service now owns 303,568 shares of the company’s stock valued at $7,859,000 after buying an additional 85,421 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Pinterest by 111.9% during the 4th quarter. Rothschild Investment LLC now owns 14,550 shares of the company’s stock valued at $377,000 after buying an additional 7,682 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co lifted its holdings in shares of Pinterest by 359.0% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 640,569 shares of the company’s stock valued at $16,584,000 after buying an additional 501,000 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Pinterest by 2.5% during the 4th quarter. Intech Investment Management LLC now owns 31,681 shares of the company’s stock valued at $820,000 after buying an additional 779 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on PINS. Robert W. Baird raised their price objective on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Citigroup raised their price objective on Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Wedbush cut their price objective on Pinterest from $30.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Barclays raised their price objective on Pinterest from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Rothschild & Co Redburn set a $23.00 price objective on Pinterest and gave the company a “neutral” rating in a research note on Monday, April 27th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.40.

Pinterest Stock Performance

Shares of NYSE PINS opened at $20.86 on Wednesday. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $19.45 and its two-hundred day moving average is $21.89. The company has a market cap of $11.69 billion, a P/E ratio of 43.47, a P/E/G ratio of 1.15 and a beta of 0.92. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. On average, equities analysts expect that Pinterest, Inc. will post 0.68 EPS for the current year.

Insider Activity at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director directly owned 27,450 shares of the company’s stock, valued at $549,000. The trade was a 7.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $20.46, for a total value of $559,315.02. Following the completion of the transaction, the insider directly owned 724,673 shares in the company, valued at approximately $14,826,809.58. This represents a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 31,537 shares of company stock worth $643,315. Company insiders own 8.09% of the company’s stock.

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.