SeaCrest Wealth Management LLC Acquires New Shares in Pinterest, Inc. (NYSE:PINS)

SeaCrest Wealth Management LLC bought a new stake in Pinterest, Inc. (NYSE:PINSGet Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,318 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also recently bought and sold shares of the company. Stonegate Investment Group LLC raised its position in Pinterest by 45.4% in the second quarter. Stonegate Investment Group LLC now owns 22,310 shares of the company’s stock valued at $405,000 after purchasing an additional 6,970 shares during the last quarter. RWC Asset Management LLP raised its position in Pinterest by 10.1% in the second quarter. RWC Asset Management LLP now owns 438,516 shares of the company’s stock valued at $7,964,000 after purchasing an additional 40,351 shares during the last quarter. Bank of Nova Scotia raised its position in Pinterest by 632.6% in the second quarter. Bank of Nova Scotia now owns 10,229,664 shares of the company’s stock valued at $185,784,000 after purchasing an additional 8,833,290 shares during the last quarter. Donoghue Forlines LLC raised its position in Pinterest by 51.4% in the second quarter. Donoghue Forlines LLC now owns 29,381 shares of the company’s stock valued at $534,000 after purchasing an additional 9,974 shares during the last quarter. Finally, Credit Agricole S A raised its position in Pinterest by 3.6% in the second quarter. Credit Agricole S A now owns 85,789 shares of the company’s stock valued at $1,558,000 after purchasing an additional 3,002 shares during the last quarter. 70.78% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

Shares of Pinterest stock opened at $23.80 on Tuesday. Pinterest, Inc. has a 52 week low of $16.14 and a 52 week high of $44.66. The stock has a 50 day moving average price of $23.62 and a two-hundred day moving average price of $21.75. The stock has a market capitalization of $16.14 billion, a PE ratio of 340.05 and a beta of 0.99.

Insider Activity at Pinterest

In related news, Director Evan Sharp sold 55,241 shares of Pinterest stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $21.18, for a total transaction of $1,170,004.38. Following the transaction, the director now owns 39,805 shares of the company’s stock, valued at $843,069.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Evan Sharp sold 55,241 shares of Pinterest stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $21.18, for a total transaction of $1,170,004.38. Following the transaction, the director now owns 39,805 shares of the company’s stock, valued at $843,069.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Benjamin Silbermann sold 150,000 shares of Pinterest stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $24.50, for a total value of $3,675,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 560,828 shares of company stock valued at $13,554,616 over the last 90 days. Insiders own 7.58% of the company’s stock.

Analyst Upgrades and Downgrades

PINS has been the subject of several research reports. Wolfe Research upgraded Pinterest from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research report on Wednesday, September 7th. Piper Sandler raised their price objective on Pinterest from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, October 28th. Credit Suisse Group lowered their price objective on Pinterest from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, October 28th. Evercore ISI raised their price objective on Pinterest from $24.00 to $28.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 2nd. Finally, TheStreet upgraded Pinterest from a “d+” rating to a “c-” rating in a research report on Tuesday, August 16th. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.68.

About Pinterest

(Get Rating)

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

Featured Articles

Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.