Deuterium Capital Management LLC Buys New Stake in Pinterest, Inc. (NYSE:PINS)

Deuterium Capital Management LLC acquired a new position in shares of Pinterest, Inc. (NYSE:PINS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $220,000.

A number of other large investors also recently added to or reduced their stakes in PINS. GAMMA Investing LLC purchased a new stake in shares of Pinterest during the fourth quarter worth $27,000. Hexagon Capital Partners LLC grew its holdings in shares of Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after buying an additional 459 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Pinterest by 71.2% during the first quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock worth $38,000 after buying an additional 460 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Pinterest by 40.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,306 shares of the company’s stock worth $48,000 after buying an additional 378 shares in the last quarter. Finally, First Financial Corp IN purchased a new stake in shares of Pinterest during the first quarter worth $53,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PINS shares. KeyCorp dropped their target price on shares of Pinterest from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Pinterest in a report on Monday, July 29th. Stifel Nicolaus dropped their price objective on shares of Pinterest from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Evercore ISI dropped their price objective on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, Wells Fargo & Company dropped their price objective on shares of Pinterest from $49.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.71.

Insider Activity at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction that occurred on 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 in the company, valued at $8,317,733. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction that occurred on 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 in the company, valued at $8,317,733. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 362,822 shares in the company, valued at $16,102,040.36. The disclosure for this sale can be found here. Insiders have sold a total of 36,689 shares of company stock valued at $1,628,002 over the last 90 days. 7.11% of the stock is owned by corporate insiders.

Pinterest Trading Up 2.7 %

NYSE:PINS traded up $0.84 during mid-day trading on Friday, hitting $32.04. The stock had a trading volume of 6,586,772 shares, compared to its average volume of 9,796,050. The stock has a 50-day simple moving average of $36.59 and a two-hundred day simple moving average of $37.34. The company has a market capitalization of $21.89 billion, a PE ratio of 152.57, a PEG ratio of 3.45 and a beta of 0.97. Pinterest, Inc. has a twelve month low of $23.59 and a twelve month high of $45.19.

Pinterest (NYSE:PINS) last issued its 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 firm had revenue of $853.68 million for the quarter, compared to analysts’ expectations of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share. Sell-side analysts predict that Pinterest, Inc. will post 0.39 EPS for the current fiscal year.

About Pinterest

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.