15,595 Shares in Pinterest, Inc. (NYSE:PINS) Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in Pinterest, Inc. (NYSE:PINS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 15,595 shares of the company's stock, valued at approximately $496,000.

Other institutional investors have also recently made changes to their positions in the company. Brown Shipley& Co Ltd bought a new stake in shares of Pinterest in the 2nd quarter worth $25,000. Wellington Shields Capital Management LLC bought a new position in Pinterest during the second quarter valued at about $26,000. Hexagon Capital Partners LLC grew its position in Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company's stock valued at $33,000 after buying an additional 459 shares during the period. GAMMA Investing LLC grew its position in Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company's stock valued at $34,000 after buying an additional 405 shares during the period. Finally, Rothschild Investment LLC bought a new position in Pinterest during the second quarter valued at about $35,000. Institutional investors own 88.81% of the company's stock.

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the transaction, the chief financial officer now owns 297,351 shares in the company, valued at approximately $9,729,324.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the transaction, the director now owns 33,686 shares in the company, valued at approximately $1,129,154.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the transaction, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.11% of the company's stock.

Wall Street Analysts Forecast Growth

PINS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pinterest in a research report on Monday, September 23rd. They set a "buy" rating and a $43.00 price target for the company. Barclays reduced their price target on shares of Pinterest from $38.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 31st. Benchmark restated a "hold" rating on shares of Pinterest in a research report on Wednesday, July 31st. Roth Mkm reduced their price target on shares of Pinterest from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus dropped their price objective on shares of Pinterest from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.32.

Pinterest Stock Performance

PINS traded down $0.80 on Thursday, reaching $31.79. The company had a trading volume of 5,771,526 shares, compared to its average volume of 9,272,584. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The business has a 50 day simple moving average of $31.75 and a 200 day simple moving average of $36.38. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 151.38, a P/E/G ratio of 2.50 and a beta of 1.01.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The business had revenue of $853.68 million for the quarter, compared to analysts' expectations of $848.75 million. During the same period last year, the business earned ($0.04) earnings per share. The business's quarterly revenue was up 20.6% on a year-over-year basis. As a group, equities research analysts predict that Pinterest, Inc. will post 0.39 EPS for the current fiscal year.

Pinterest Company 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.