Peak Retirement Planning Inc. Buys New Shares in Pinterest, Inc. $PINS

Peak Retirement Planning Inc. purchased a new position in shares of Pinterest, Inc. (NYSE:PINS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,502 shares of the company’s stock, valued at approximately $1,850,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its position in Pinterest by 282.7% during the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after purchasing an additional 506 shares during the period. N.E.W. Advisory Services LLC boosted its stake in Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after buying an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp lifted 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 valued at $29,000 after purchasing an additional 883 shares during the last quarter. Wellington Shields Capital Management LLC acquired a new position in shares of Pinterest during the second quarter worth $40,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Pinterest by 46.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock valued at $42,000 after purchasing an additional 419 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PINS shares. Morgan Stanley raised their price target on shares of Pinterest from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Guggenheim lowered their target price on Pinterest from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Hsbc Global Res lowered Pinterest from a “strong-buy” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada decreased their price target on Pinterest from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Finally, Benchmark cut their price objective on Pinterest from $48.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Pinterest Trading Down 0.6%

PINS opened at $22.00 on Tuesday. The company has a fifty day moving average price of $25.97 and a two-hundred day moving average price of $31.06. Pinterest, Inc. has a 1-year low of $21.77 and a 1-year high of $40.90. The company has a market cap of $14.86 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 1.02 and a beta of 0.92.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Pinterest had a return on equity of 8.20% and a net margin of 48.99%.The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. On average, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In other Pinterest news, insider Wanjiku Juanita Walcott sold 74,047 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the completion of the sale, the insider owned 301,214 shares in the company, valued at approximately $8,099,644.46. The trade was a 19.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Malik Ducard sold 6,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $155,160.00. Following the transaction, the insider owned 699,773 shares in the company, valued at approximately $18,096,129.78. The trade was a 0.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,161 shares of company stock worth $2,796,466 in the last ninety days. Corporate insiders own 7.11% of the company’s stock.

Pinterest 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.