DJE Kapital AG Sells 28,300 Shares of Pinterest, Inc. $PINS

DJE Kapital AG reduced its position in shares of Pinterest, Inc. (NYSE:PINS) by 39.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,100 shares of the company’s stock after selling 28,300 shares during the quarter. DJE Kapital AG’s holdings in Pinterest were worth $1,144,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PINS. Elevated Capital Advisors LLC bought a new stake in shares of Pinterest during the 4th quarter valued at about $26,000. Addison Advisors LLC grew its stake in shares of Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after purchasing an additional 1,200 shares during the period. Garner Asset Management Corp bought a new stake in shares of Pinterest during the 4th quarter valued at about $36,000. Fifth Third Bancorp grew its stake in shares of Pinterest by 2,409.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $44,000 after purchasing an additional 1,325 shares during the period. Finally, Torren Management LLC bought a new stake in shares of Pinterest during the 4th quarter valued at about $50,000. 88.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Piper Sandler restated a “neutral” rating and set a $26.00 price target (up from $21.00) on shares of Pinterest in a research note on Tuesday, May 5th. Stifel Nicolaus boosted their price target on Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada boosted their price target on Pinterest from $17.00 to $23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. TD Cowen boosted their price objective on Pinterest from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Benchmark cut their price objective on Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.40.

Pinterest Stock Down 1.0%

Shares of PINS opened at $21.55 on Friday. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 44.90, a price-to-earnings-growth ratio of 1.18 and a beta of 0.92. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The business’s 50 day simple moving average is $19.94 and its 200-day simple moving average is $21.64. 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 issued its quarterly earnings data 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. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. As a group, equities analysts expect that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the sale, the director directly owned 27,450 shares of the company’s stock, valued at $549,000. This represents a 7.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $21.78, for a total value of $1,020,937.50. 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. Insiders have sold 124,237 shares of company stock valued at $2,604,190 in the last ninety days. Corporate 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.