Eurizon Capital SGR S.p.A. Takes $1.19 Million Position in Pinterest, Inc. $PINS

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the fourth quarter, HoldingsChannel reports. The firm acquired 45,769 shares of the company’s stock, valued at approximately $1,185,000.

A number of other institutional investors and hedge funds have also modified their holdings of 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 increased 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 purchasing an additional 607 shares during the period. Empowered Funds LLC increased 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 purchasing an additional 4,748 shares during the period. Sivia Capital Partners LLC increased 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 purchasing an additional 2,649 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Pinterest during the second quarter valued at approximately $696,000. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $20.86 on Wednesday. The business’s fifty day moving average price is $19.45 and its two-hundred day moving average price is $21.89. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The stock has a market capitalization 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 debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. During the same period in the prior year, the business posted $0.23 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. As a group, analysts predict that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PINS shares. Wedbush lowered their price objective on Pinterest from $30.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Royal Bank Of Canada upped their price target on Pinterest from $17.00 to $23.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. KeyCorp lowered their price target on Pinterest from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. Evercore set a $27.00 price target on Pinterest in a research report on Tuesday, May 5th. Finally, UBS Group upped their price target on Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Sixteen equities 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. According to MarketBeat, Pinterest has a consensus rating of “Hold” and an average price target of $27.40.

Insiders Place Their Bets

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director owned 27,450 shares of the company’s stock, valued at approximately $549,000. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of the business’s 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. 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 three months, insiders sold 31,537 shares of company stock worth $643,315. Insiders own 8.09% of the company’s stock.

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.