Mezzasalma Advisors LLC Sells 10,770 Shares of Pinterest, Inc. (NYSE:PINS)

Mezzasalma Advisors LLC decreased its position in shares of Pinterest, Inc. (NYSE:PINSFree Report) by 32.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,980 shares of the company’s stock after selling 10,770 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Pinterest were worth $762,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Pinterest during the fourth quarter worth $27,000. Rakuten Securities Inc. bought a new stake in shares of Pinterest in the 4th quarter valued at about $30,000. Washington Trust Advisors Inc. increased its stake in shares of Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after buying an additional 326 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Pinterest in the fourth quarter valued at about $43,000. Finally, Blue Trust Inc. raised its position in shares of Pinterest by 87.7% during the fourth quarter. Blue Trust Inc. now owns 1,192 shares of the company’s stock worth $44,000 after acquiring an additional 557 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 362,822 shares in the company, valued at approximately $16,102,040.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Andrea Acosta sold 3,845 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $43.90, for a total value of $168,795.50. Following the transaction, the chief accounting officer now directly owns 189,470 shares of the company’s stock, valued at approximately $8,317,733. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the transaction, the chief financial officer now owns 362,822 shares of the company’s stock, valued at approximately $16,102,040.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,184 shares of company stock worth $2,255,783. 7.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Sanford C. Bernstein upped their target price on Pinterest from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. KeyCorp dropped their target price on shares of Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Loop Capital increased 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, Royal Bank of Canada upped their target price on Pinterest from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and a consensus price target of $41.37.

Get Our Latest Stock Analysis on PINS

Pinterest Trading Down 0.3 %

Shares of NYSE:PINS traded down $0.14 during mid-day trading on Thursday, hitting $43.12. 3,091,516 shares of the company traded hands, compared to its average volume of 6,884,937. The stock has a 50-day moving average price of $42.06 and a two-hundred day moving average price of $38.07. Pinterest, Inc. has a 12-month low of $23.59 and a 12-month high of $45.19. The stock has a market cap of $29.46 billion, a P/E ratio of 205.34, a P/E/G ratio of 4.24 and a beta of 0.97.

Pinterest (NYSE:PINSGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The firm had revenue of $739.98 million for the quarter, compared to the consensus estimate of $699.96 million. As a group, analysts expect that Pinterest, Inc. will post 0.44 earnings per share for the current year.

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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