Pinterest, Inc. $PINS Stock Position Decreased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. cut its stake in shares of Pinterest, Inc. (NYSE:PINS) by 41.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,031 shares of the company’s stock after selling 86,437 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Pinterest were worth $3,894,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Snowden Capital Advisors LLC increased its stake in Pinterest by 4.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Pinterest by 10.1% in the second quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock worth $115,000 after buying an additional 300 shares during the period. EP Wealth Advisors LLC increased its position in shares of Pinterest by 3.9% in the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after acquiring an additional 358 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its holdings in shares of Pinterest by 3.6% during the second 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 during the period. Finally, Dynamic Wealth Strategies LLC raised its holdings in shares of Pinterest by 5.8% during the second 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 during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Price Performance

Shares of PINS stock opened at $16.64 on Tuesday. The firm has a market cap of $11.07 billion, a P/E ratio of 27.27, a PEG ratio of 1.25 and a beta of 0.92. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The stock’s 50-day moving average is $23.43 and its two-hundred day moving average is $28.92.

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

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Malik Ducard sold 6,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $590,151.06. Following the transaction, the chief financial officer owned 540,358 shares in the company, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 33,407 shares of company stock worth $855,925. 7.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wolfe Research set a $33.00 target price on shares of Pinterest and gave the company an “outperform” rating in a research note on Monday, January 5th. Bank of America reissued a “neutral” rating and set a $19.00 price target (down from $39.00) on shares of Pinterest in a research report on Friday, February 13th. Mizuho set a $35.00 price objective on Pinterest in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $20.00 target price (down previously from $36.00) on shares of Pinterest in a research note on Friday, February 13th. Finally, UBS Group set a $26.00 price target on shares of Pinterest in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eighteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and an average target price of $25.87.

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.