Graphene Investments SAS Buys 43,500 Shares of Pinterest, Inc. $PINS

Graphene Investments SAS increased its stake in shares of Pinterest, Inc. (NYSE:PINS) by 41.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,400 shares of the company’s stock after buying an additional 43,500 shares during the quarter. Graphene Investments SAS’s holdings in Pinterest were worth $2,722,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PINS. Elevated Capital Advisors LLC acquired a new position in Pinterest in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after purchasing an additional 1,049 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,200 shares in the last quarter. Garner Asset Management Corp bought a new position in shares of Pinterest in the fourth quarter worth $36,000. Finally, MidFirst Bank bought a new position in shares of Pinterest in the fourth quarter worth $44,000. Institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PINS. Guggenheim reaffirmed a “buy” rating and set a $24.00 price objective on shares of Pinterest in a research report on Monday, June 15th. Royal Bank Of Canada raised their target price on shares of Pinterest from $17.00 to $23.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Wells Fargo & Company boosted their target price on shares of Pinterest from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pinterest in a report on Tuesday, June 30th. Finally, Rosenblatt Securities increased their price target on shares of Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pinterest currently has an average rating of “Hold” and an average price target of $27.66.

Insider Buying and Selling at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 27,337 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $20.46, for a total value of $559,315.02. Following the completion of the transaction, the insider directly owned 724,673 shares in the company, valued at approximately $14,826,809.58. This represents a 3.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $22.63, for a total value of $1,060,781.25. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 323,845 shares of company stock valued at $6,836,065 over the last quarter. Company insiders own 8.09% of the company’s stock.

Pinterest Trading Down 2.9%

PINS opened at $22.99 on Friday. The company has a market cap of $12.88 billion, a P/E ratio of 47.90, a PEG ratio of 1.34 and a beta of 0.89. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $20.90 and its 200-day moving average is $20.78. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. Equities research analysts predict that Pinterest, Inc. will post 0.66 earnings per share for the current fiscal year.

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.