Natixis Advisors LLC Sells 52,926 Shares of Pinterest, Inc. $PINS

Natixis Advisors LLC trimmed its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 25.1% during the fourth quarter, HoldingsChannel reports. The fund owned 157,991 shares of the company’s stock after selling 52,926 shares during the quarter. Natixis Advisors LLC’s holdings in Pinterest were worth $4,090,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp grew its holdings in Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after acquiring an additional 883 shares during the last quarter. Elevated Capital Advisors LLC bought a new stake in Pinterest during the 4th quarter worth approximately $26,000. Addison Advisors LLC grew its holdings in Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the last quarter. Fifth Third Bancorp grew its holdings in Pinterest by 2,409.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock worth $44,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Garner Asset Management Corp bought a new stake in Pinterest during the 4th quarter worth approximately $36,000. 88.81% of the stock is owned by institutional investors.

Pinterest Trading Up 2.4%

NYSE:PINS opened at $21.94 on Tuesday. The firm’s fifty day moving average is $19.72 and its 200-day moving average is $21.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The firm has a market cap of $12.29 billion, a P/E ratio of 45.71, a P/E/G ratio of 1.16 and a beta of 0.92.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $965.84 million. During the same period in the prior year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Equities analysts expect that Pinterest, Inc. will post 0.68 earnings per share for the current year.

Insider Activity

In related news, insider Wanjiku Juanita Walcott sold 27,337 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $20.46, for a total transaction of $559,315.02. Following the transaction, the insider owned 724,673 shares in the company, valued at $14,826,809.58. The trade was a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total transaction of $42,000.00. Following the transaction, the director owned 27,450 shares in the company, valued at $549,000. The trade was a 7.11% 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. In the last three months, insiders have sold 77,362 shares of company stock valued at $1,583,253. 8.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PINS. Piper Sandler reissued a “neutral” rating and set a $26.00 target price (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Cantor Fitzgerald set a $18.00 target price on shares of Pinterest in a report on Friday, February 13th. Morgan Stanley boosted their target price on shares of Pinterest from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. TD Cowen boosted their target price on shares of Pinterest from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $28.00 target price on shares of Pinterest in a report on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.40.

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.