25,531 Shares in Pinterest, Inc. (NYSE:PINS) Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new stake in Pinterest, Inc. (NYSE:PINSFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 25,531 shares of the company’s stock, valued at approximately $946,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PINS. Panagora Asset Management Inc. raised its holdings in shares of Pinterest by 0.9% in the fourth quarter. Panagora Asset Management Inc. now owns 73,590 shares of the company’s stock valued at $2,726,000 after purchasing an additional 690 shares during the last quarter. Inflection Point Investments LLP acquired a new stake in Pinterest in the 4th quarter valued at $13,474,000. EFG Asset Management North America Corp. acquired a new position in shares of Pinterest during the 4th quarter worth about $2,654,000. Beacon Pointe Advisors LLC boosted its stake in shares of Pinterest by 3.9% during the 4th quarter. Beacon Pointe Advisors LLC now owns 28,897 shares of the company’s stock worth $1,070,000 after buying an additional 1,098 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Pinterest by 40.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock valued at $48,000 after acquiring an additional 378 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on PINS. KeyCorp cut their price objective on Pinterest from $48.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. BMO Capital Markets lifted their price objective on shares of Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of Pinterest in a report on Wednesday, May 1st. Loop Capital lifted their price target on Pinterest from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Piper Sandler upped their price objective on Pinterest from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.26.

Check Out Our Latest Research Report on PINS

Pinterest Stock Performance

Shares of PINS opened at $42.78 on Monday. Pinterest, Inc. has a 52-week low of $21.84 and a 52-week high of $43.12. The firm has a market cap of $29.23 billion, a price-to-earnings ratio of 203.72, a PEG ratio of 4.26 and a beta of 0.99. The business’s fifty day moving average is $36.07 and its 200-day moving average is $35.67.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $42.25, for a total value of $81,711.50. Following the sale, the director now owns 29,712 shares in the company, valued at $1,255,332. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $42.25, for a total value of $81,711.50. Following the completion of the transaction, the director now directly owns 29,712 shares in the company, valued at $1,255,332. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey D. Jordan sold 20,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $35.08, for a total value of $701,600.00. Following the sale, the director now owns 34,215 shares in the company, valued at $1,200,262.20. The disclosure for this sale can be found here. Insiders have sold a total of 166,405 shares of company stock worth $5,855,142 over the last 90 days. Insiders own 7.11% of the company’s stock.

Pinterest Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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