Mount Yale Investment Advisors LLC Has $809,000 Position in Pinterest, Inc. (NYSE:PINS)

Mount Yale Investment Advisors LLC trimmed its stake in Pinterest, Inc. (NYSE:PINS) by 27.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,367 shares of the company’s stock after selling 6,983 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Pinterest were worth $809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PINS. Wellington Shields Capital Management LLC acquired a new stake in shares of Pinterest in the 2nd quarter valued at about $26,000. Hexagon Capital Partners LLC grew its stake in Pinterest by 157.7% in 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 during the period. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 405 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Pinterest during the second quarter worth approximately $35,000. Finally, International Assets Investment Management LLC bought a new position in shares of Pinterest in the 2nd quarter worth $40,000. 88.81% of the stock is owned by institutional investors.

Pinterest Stock Up 0.2 %

NYSE PINS opened at $30.45 on Tuesday. The firm has a market cap of $20.80 billion, a P/E ratio of 145.00, a price-to-earnings-growth ratio of 3.22 and a beta of 1.00. The company’s 50 day moving average is $32.36 and its 200-day moving average is $36.71. Pinterest, Inc. has a 12-month low of $23.59 and a 12-month high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings data 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. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. The company had revenue of $853.68 million for the quarter, compared to analyst estimates of $848.75 million. During the same period in the previous year, the company posted ($0.04) EPS. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. Equities analysts expect that Pinterest, Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on PINS shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Pinterest in a research note on Monday. They set a “buy” rating and a $43.00 price target for the company. Piper Sandler reissued an “overweight” rating and set a $45.00 target price on shares of Pinterest in a research report on Friday, September 13th. KeyCorp lowered their target price on shares of Pinterest from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Wedbush cut their price target on Pinterest from $46.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Evercore ISI lowered their price objective on Pinterest from $50.00 to $48.00 and set an “outperform” rating for the company in a research note 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.79.

Insider Buying and Selling at Pinterest

In related news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $44.38, for a total value of $1,343,826.40. Following the sale, the chief financial officer now owns 362,822 shares in the company, valued at $16,102,040.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.11% of the company’s stock.

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.