494,859 Shares in Pinterest, Inc. $PINS Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in Pinterest, Inc. (NYSE:PINS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 494,859 shares of the company’s stock, valued at approximately $12,812,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest during the fourth quarter valued at approximately $26,000. Atlantic Union Bankshares Corp raised its position in shares of Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 883 shares during the period. Addison Advisors LLC raised its position 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 during the period. Garner Asset Management Corp bought a new position in shares of Pinterest during the fourth quarter worth about $36,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Pinterest by 46.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after acquiring an additional 419 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Price Performance

Shares of PINS stock opened at $19.25 on Monday. The stock has a 50-day moving average price of $19.24 and a 200 day moving average price of $22.21. 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 firm has a market cap of $10.78 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 1.04 and a beta of 0.93. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93.

Pinterest (NYSE:PINS) last posted its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. During the same period in the previous year, the company earned $0.23 EPS. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. Research analysts expect that Pinterest, Inc. will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PINS shares. Piper Sandler reiterated a “neutral” rating and issued a $26.00 target price (up from $21.00) on shares of Pinterest in a research report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Pinterest in a research note on Tuesday, May 5th. TD Cowen increased their price target on shares of Pinterest from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Zacks Research raised shares of Pinterest from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Mizuho raised their price objective on shares of Pinterest from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.40.

Insider Activity

In related news, Director Gokul Rajaram sold 2,100 shares of the 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 sale, the director owned 27,450 shares in the company, valued at approximately $549,000. This represents a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is currently owned by corporate insiders.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

• Negative Sentiment: Several firms are actively soliciting Pinterest investors to join or lead a securities fraud class action, highlighting ongoing legal risk and potential distraction for management. Article Title
• Negative Sentiment: The lawsuits allege investor harm during the class period, which can weigh on sentiment by increasing uncertainty around potential damages, legal expenses, and reputational fallout. Article Title
• Neutral Sentiment: One article also notes broader market weakness tied to inflation and rising bond yields, which may have added to pressure on growth stocks like Pinterest. Article Title

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.