First Financial Corp IN Makes New Investment in Pinterest, Inc. (NYSE:PINS)

First Financial Corp IN purchased a new stake in Pinterest, Inc. (NYSE:PINS) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,524 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Pinterest in the fourth quarter valued at about $27,000. Rakuten Securities Inc. acquired a new stake in Pinterest during the fourth quarter worth about $30,000. Washington Trust Advisors Inc. grew its position in Pinterest by 46.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after buying an additional 326 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Pinterest during the fourth quarter worth about $43,000. Finally, Blue Trust Inc. grew its position in 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 buying an additional 557 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the sale, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,627 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total transaction of $481,590.34. Following the transaction, the insider now owns 307,256 shares of the company’s stock, valued at $12,726,543.52. The disclosure for this sale can be found here. Insiders have sold a total of 72,125 shares of company stock worth $2,684,891 in the last quarter. Corporate insiders own 7.11% of the company’s stock.

Pinterest Stock Up 4.3 %

Shares of PINS stock traded up $1.85 on Tuesday, reaching $44.97. The stock had a trading volume of 9,525,954 shares, compared to its average volume of 9,601,424. The firm’s 50-day moving average is $40.29 and its two-hundred day moving average is $37.65. The firm has a market capitalization of $30.72 billion, a price-to-earnings ratio of 210.72, a P/E/G ratio of 4.28 and a beta of 0.97. Pinterest, Inc. has a 12 month low of $23.59 and a 12 month high of $45.19.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) EPS for the quarter, beating 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 business had revenue of $739.98 million for the quarter, compared to analyst estimates of $699.96 million. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on PINS. BMO Capital Markets lifted their target price on shares of Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Stifel Nicolaus lifted their target price on shares of Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Piper Sandler reiterated an “overweight” rating and issued a $52.00 target price on shares of Pinterest in a research note on Friday, June 14th. JPMorgan Chase & Co. lifted their target price on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Benchmark restated a “hold” rating on shares of Pinterest in a research report on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.37.

Pinterest Company 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.