Compass Wealth Management LLC Acquires 14,225 Shares of Pinterest, Inc. (NYSE:PINS)

Compass Wealth Management LLC boosted its holdings in Pinterest, Inc. (NYSE:PINS) by 9.7% in the third quarter, Holdings Channel reports. The institutional investor owned 161,140 shares of the company’s stock after buying an additional 14,225 shares during the period. Pinterest accounts for approximately 1.2% of Compass Wealth Management LLC’s holdings, making the stock its 29th largest position. Compass Wealth Management LLC’s holdings in Pinterest were worth $5,216,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PINS. Brown Shipley& Co Ltd bought a new position in Pinterest in the 2nd quarter valued at approximately $25,000. Wellington Shields Capital Management LLC acquired a new stake in Pinterest during the 2nd quarter valued at approximately $26,000. Hexagon Capital Partners LLC increased its position in 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 purchasing an additional 459 shares during the period. GAMMA Investing LLC increased its position in Pinterest by 113.4% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in Pinterest during the 2nd quarter valued at approximately $35,000. Institutional investors own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the transaction, the chief financial officer now owns 297,351 shares in the company, valued at approximately $9,729,324.72. This represents a 0.00 % decrease in their ownership of the stock. 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 owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on PINS shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Pinterest in a research report on Monday, September 23rd. They set a “buy” rating and a $43.00 target price for the company. Roth Mkm reduced their price objective on shares of Pinterest from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of Pinterest from $44.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Oppenheimer assumed coverage on shares of Pinterest in a research report on Tuesday, September 24th. They set an “outperform” rating and a $45.00 price objective for the company. Finally, The Goldman Sachs Group raised their price objective 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. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.32.

Pinterest Price Performance

Shares of NYSE PINS traded up $0.16 during mid-day trading on Thursday, reaching $33.53. 2,665,471 shares of the company’s stock were exchanged, compared to its average volume of 9,385,303. The firm has a market capitalization of $22.91 billion, a price-to-earnings ratio of 158.52, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. The firm has a 50-day moving average price of $31.35 and a two-hundred day moving average price of $36.53. Pinterest, Inc. has a 52 week low of $23.59 and a 52 week high of $45.19.

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