Peak Retirement Planning Inc. Has $2.76 Million Position in Pinterest, Inc. $PINS

Peak Retirement Planning Inc. boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 85.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,401 shares of the company’s stock after buying an additional 48,899 shares during the period. Peak Retirement Planning Inc.’s holdings in Pinterest were worth $2,755,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in Pinterest during the fourth quarter worth $26,000. Atlantic Union Bankshares Corp boosted its stake in Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after buying an additional 883 shares in the last quarter. Addison Advisors LLC boosted its stake in Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after buying an additional 1,200 shares in the last quarter. Garner Asset Management Corp acquired a new stake in Pinterest during the fourth quarter worth $36,000. Finally, Fifth Third Bancorp boosted its stake in Pinterest by 2,409.1% during the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock worth $44,000 after buying an additional 1,325 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PINS shares. BMO Capital Markets reiterated an “outperform” rating and set a $30.00 price target on shares of Pinterest in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their target price on shares of Pinterest from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Rosenblatt Securities boosted their target price on shares of Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Evercore set a $27.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Finally, Cantor Fitzgerald set a $18.00 target price on shares of Pinterest in a research note on Friday, February 13th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.40.

Insider Activity

In related news, insider Wanjiku Juanita Walcott sold 27,337 shares of the company’s stock in a transaction dated 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. This represents a 3.64% decrease in their position. The sale was disclosed in a 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 company’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 owned 27,450 shares in the company, valued at approximately $549,000. This trade represents 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 quarter, insiders have sold 31,537 shares of company stock worth $643,315. 8.09% of the stock is owned by corporate insiders.

Pinterest Stock Down 2.3%

Shares of NYSE PINS opened at $20.86 on Wednesday. The firm’s 50-day simple moving average is $19.45 and its 200 day simple moving average is $21.89. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.92. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. On average, research analysts expect that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

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.