Capital CS Group LLC Takes $592,000 Position in Pinterest, Inc. (NYSE:PINS)

Capital CS Group LLC acquired a new position in shares of Pinterest, Inc. (NYSE:PINS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,425 shares of the company’s stock, valued at approximately $592,000. Pinterest accounts for approximately 0.7% of Capital CS Group LLC’s portfolio, making the stock its 27th largest position.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of Pinterest in the 4th quarter valued at about $27,000. Hexagon Capital Partners LLC lifted its position in shares of Pinterest by 157.7% during the 2nd 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. Rakuten Securities Inc. acquired a new stake in shares of Pinterest during the 4th quarter valued at approximately $30,000. Quent Capital LLC boosted its stake in shares of Pinterest by 71.2% during the 1st quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock worth $38,000 after acquiring an additional 460 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Pinterest in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,934 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $42.25, for a total transaction of $81,711.50. Following the sale, the director now directly owns 29,712 shares of the company’s stock, valued at approximately $1,255,332. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Gokul Rajaram sold 1,934 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $42.25, for a total transaction of $81,711.50. Following the completion of the transaction, the director now owns 29,712 shares in the company, valued at $1,255,332. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,627 shares of Pinterest stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total transaction of $481,590.34. Following the completion of the sale, the insider now owns 307,256 shares in the company, valued at $12,726,543.52. The disclosure for this sale can be found here. Insiders have sold 50,250 shares of company stock worth $2,191,304 over the last quarter. 7.11% of the stock is owned by corporate insiders.

Pinterest Stock Performance

Shares of PINS stock traded down $0.28 during mid-day trading on Friday, reaching $28.99. 7,928,070 shares of the company were exchanged, compared to its average volume of 13,172,850. The company has a market capitalization of $19.81 billion, a P/E ratio of 138.05, a P/E/G ratio of 3.21 and a beta of 0.97. The business’s 50 day simple moving average is $40.20 and its 200 day simple moving average is $38.11. Pinterest, Inc. has a fifty-two week low of $23.59 and a fifty-two week high of $45.19.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The company had revenue of $853.68 million during the quarter, compared to analyst estimates of $848.75 million. During the same period last year, the business earned ($0.04) EPS. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, analysts forecast that Pinterest, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wolfe Research initiated coverage on Pinterest in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. BMO Capital Markets raised their target price on shares of Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. The Goldman Sachs Group lifted their target price on shares of Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Citigroup lowered their price target on shares of Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Raymond James cut their price objective on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.71.

About Pinterest

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.