Howe & Rusling Inc. Acquires 31,346 Shares of Pinterest, Inc. $PINS

Howe & Rusling Inc. boosted its position in shares of Pinterest, Inc. (NYSE:PINS) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 213,001 shares of the company’s stock after acquiring an additional 31,346 shares during the period. Howe & Rusling Inc.’s holdings in Pinterest were worth $5,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC bought a new stake in shares of Pinterest during the fourth quarter valued at approximately $252,000. Integrated Wealth Concepts LLC raised its position in shares of Pinterest by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after buying an additional 607 shares during the last quarter. Empowered Funds LLC raised its position in shares of Pinterest by 45.6% during the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after buying an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Pinterest by 39.5% during the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after buying an additional 2,649 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Pinterest during the second quarter valued at approximately $696,000. Institutional investors own 88.81% of the company’s stock.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 27,337 shares of Pinterest 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 completion of the transaction, the insider directly owned 724,673 shares of the company’s stock, valued at $14,826,809.58. The trade was a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of Pinterest 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 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 ownership of the stock. 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. Insiders sold 124,237 shares of company stock valued at $2,604,190 over the last three months. 8.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PINS shares. Stifel Nicolaus raised their target price on shares of Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Mizuho raised their target price on shares of Pinterest from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Guggenheim reissued a “buy” rating and issued a $24.00 target price on shares of Pinterest in a report on Monday. Finally, Argus lowered shares of Pinterest from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.40.

Pinterest Stock Down 0.7%

NYSE PINS opened at $21.18 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 company has a fifty day moving average of $20.11 and a two-hundred day moving average of $21.55. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 44.12, a PEG ratio of 1.15 and a beta of 0.92. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. Pinterest’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, analysts predict that Pinterest, Inc. will post 0.68 earnings per share for the current 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.