One Capital Management LLC Buys 26,197 Shares of Pinterest, Inc. $PINS

One Capital Management LLC grew its stake in Pinterest, Inc. (NYSE:PINS) by 78.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,603 shares of the company’s stock after acquiring an additional 26,197 shares during the period. One Capital Management LLC’s holdings in Pinterest were worth $1,543,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp grew its stake in Pinterest by 3,839.1% in 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 in the last quarter. Elevated Capital Advisors LLC bought a new position in Pinterest in the 4th quarter worth about $26,000. Addison Advisors LLC grew its stake in Pinterest by 727.3% in 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 in the last quarter. Fifth Third Bancorp grew its stake in Pinterest by 2,409.1% in 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 in the last quarter. Finally, Garner Asset Management Corp bought a new position in Pinterest in the 4th quarter worth about $36,000. 88.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PINS shares. BMO Capital Markets restated an “outperform” rating and issued a $30.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 price objective on shares of Pinterest and gave the company a “neutral” rating in a research note on Monday, April 27th. Robert W. Baird increased their price objective 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. Royal Bank Of Canada increased their price objective on shares of Pinterest from $17.00 to $23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Finally, Stifel Nicolaus increased their price objective on shares of Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.40.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 27,337 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $20.46, for a total value of $559,315.02. Following the completion of the transaction, the insider owned 724,673 shares of the company’s stock, valued at approximately $14,826,809.58. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the transaction, the director directly owned 27,450 shares of the company’s stock, valued at approximately $549,000. This 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 ninety days, insiders sold 31,537 shares of company stock valued at $643,315. Corporate insiders own 8.09% of the company’s stock.

Pinterest Price Performance

Shares of PINS opened at $20.74 on Thursday. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 43.20, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93. 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 company has a 50 day moving average of $19.53 and a two-hundred day moving average of $21.81.

Pinterest (NYSE:PINS) last announced its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion during 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%. Pinterest’s revenue was up 17.8% compared to the same quarter last year. During the same period last year, the firm earned $0.23 earnings per share. As a group, analysts predict 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.