Benjamin F. Edwards & Company Inc. Buys 23,623 Shares of Pinterest, Inc. (NYSE:PINS)

Benjamin F. Edwards & Company Inc. lifted its position in Pinterest, Inc. (NYSE:PINS) by 337.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,631 shares of the company’s stock after purchasing an additional 23,623 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Pinterest were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wellington Shields Capital Management LLC purchased a new stake in shares of Pinterest during the 2nd quarter worth approximately $26,000. Hexagon Capital Partners LLC raised its stake in shares of 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 acquiring an additional 459 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Pinterest by 113.4% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after buying an additional 405 shares during the period. Rothschild Investment LLC purchased a new stake in Pinterest in the second quarter worth about $35,000. Finally, Quent Capital LLC boosted its stake in shares of Pinterest by 71.2% during the first quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock valued at $38,000 after purchasing an additional 460 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total value of $1,343,826.40. Following the completion of the transaction, the chief financial officer now owns 362,822 shares of the company’s stock, valued at $16,102,040.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on PINS shares. Rosenblatt Securities reissued a “buy” rating and issued a $48.00 price target on shares of Pinterest in a research report on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and set a $45.00 price target on shares of Pinterest in a research report on Friday, September 13th. Wells Fargo & Company cut their price objective on shares of Pinterest from $49.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Stifel Nicolaus decreased their target price on shares of Pinterest from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Susquehanna cut their price target on shares of Pinterest from $50.00 to $45.00 and set a “positive” rating on the stock in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and a consensus price target of $42.78.

Pinterest Stock Down 0.5 %

Shares of PINS stock opened at $30.38 on Monday. Pinterest, Inc. has a 52-week low of $23.59 and a 52-week high of $45.19. The stock has a market cap of $20.75 billion, a PE ratio of 144.67, a price-to-earnings-growth ratio of 3.22 and a beta of 1.00. The business has a 50-day simple moving average of $32.58 and a 200-day simple moving average of $36.74.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $853.68 million during the quarter, compared to the consensus estimate of $848.75 million. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. Pinterest’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. Sell-side analysts anticipate that Pinterest, Inc. will post 0.39 earnings per share for the current fiscal year.

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.