Avestar Capital LLC Invests $229,000 in Pinterest, Inc. (NYSE:PINS)

Avestar Capital LLC acquired a new position in Pinterest, Inc. (NYSE:PINS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,900 shares of the company's stock, valued at approximately $229,000.

Several other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in Pinterest by 5.2% during the third quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company's stock valued at $205,000 after acquiring an additional 313 shares in the last quarter. Hantz Financial Services Inc. raised its position in Pinterest by 3.7% during the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company's stock valued at $304,000 after acquiring an additional 339 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock valued at $366,000 after acquiring an additional 342 shares in the last quarter. Commerce Bank raised its position in Pinterest by 3.3% during the third quarter. Commerce Bank now owns 11,868 shares of the company's stock valued at $384,000 after acquiring an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after purchasing an additional 415 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Stock Performance

Shares of NYSE:PINS traded down $0.60 on Wednesday, hitting $38.72. 6,259,754 shares of the company's stock were exchanged, compared to its average volume of 12,337,952. The firm's 50-day moving average is $32.31 and its 200 day moving average is $31.60. The company has a market capitalization of $26.26 billion, a PE ratio of 14.39, a P/E/G ratio of 1.91 and a beta of 1.06. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PINS. Stifel Nicolaus reissued a "buy" rating and issued a $50.00 price objective (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. TD Cowen began coverage on Pinterest in a report on Tuesday, November 26th. They issued a "buy" rating and a $38.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Pinterest from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Raymond James raised their price objective on Pinterest from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, KeyCorp raised their price objective on Pinterest from $37.00 to $46.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.86.

Insider Transactions at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the sale, the chief accounting officer now directly owns 158,468 shares of the company's stock, valued at $4,893,491.84. This represents a 2.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the sale, the insider now directly owns 246,921 shares of the company's stock, valued at approximately $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,007 shares of company stock valued at $554,942. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.