Yousif Capital Management LLC bought a new stake in Pinterest, Inc. (NYSE:PINS – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,764 shares of the company’s stock, valued at approximately $282,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in PINS. Concord Wealth Partners raised its stake in Pinterest by 242.5% in the third quarter. Concord Wealth Partners now owns 500 shares of the company’s stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. FourThought Financial LLC raised its stake in Pinterest by 214.8% in the fourth quarter. FourThought Financial LLC now owns 724 shares of the company’s stock valued at $26,000 after purchasing an additional 494 shares in the last quarter. IFP Advisors Inc raised its stake in Pinterest by 84.0% in the fourth quarter. IFP Advisors Inc now owns 1,038 shares of the company’s stock valued at $42,000 after purchasing an additional 474 shares in the last quarter. Allworth Financial LP raised its stake in Pinterest by 98.9% in the fourth quarter. Allworth Financial LP now owns 1,295 shares of the company’s stock valued at $47,000 after purchasing an additional 644 shares in the last quarter. Finally, Newton One Investments LLC raised its stake in Pinterest by 198.8% in the fourth quarter. Newton One Investments LLC now owns 1,500 shares of the company’s stock valued at $55,000 after purchasing an additional 998 shares in the last quarter.
In other news, SVP Naveen Gavini sold 5,491 shares of Pinterest stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $23.16, for a total value of $127,171.56. Following the completion of the transaction, the senior vice president now owns 535,042 shares of the company’s stock, valued at approximately $12,391,572.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Christine Flores sold 31,913 shares of Pinterest stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $25.47, for a total value of $812,824.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 236,723 shares of company stock valued at $6,210,023. 8.45% of the stock is owned by insiders.
Shares of Pinterest stock opened at $19.59 on Friday. The firm has a market capitalization of $12.89 billion, a P/E ratio of 42.59, a P/E/G ratio of 7.00 and a beta of 1.19. The business has a fifty day simple moving average of $24.36 and a two-hundred day simple moving average of $34.14. Pinterest, Inc. has a 12 month low of $19.47 and a 12 month high of $81.77.
Pinterest (NYSE:PINS – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $846.66 million during the quarter, compared to analyst estimates of $831.23 million. Pinterest had a return on equity of 13.74% and a net margin of 12.27%. During the same quarter last year, the firm posted $0.30 earnings per share. As a group, equities analysts expect that Pinterest, Inc. will post 0.24 EPS for the current year.
Pinterest Profile (Get Rating)
Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.
- Get a free copy of the StockNews.com research report on Pinterest (PINS)
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