Wafra Inc. Takes Position in Pinterest (NASDAQ:PINS)

Wafra Inc. bought a new stake in Pinterest (NASDAQ:PINS) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 111,866 shares of the company’s stock, valued at approximately $3,045,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PINS. Quad Cities Investment Group LLC bought a new position in Pinterest in the 2nd quarter valued at about $27,000. Pathstone Family Office LLC bought a new position in Pinterest in the 2nd quarter valued at about $38,000. US Bancorp DE bought a new position in Pinterest in the 2nd quarter valued at about $50,000. Crewe Advisors LLC bought a new position in Pinterest in the 2nd quarter valued at about $54,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Pinterest in the 2nd quarter valued at about $80,000.

Several equities analysts recently weighed in on the stock. Deutsche Bank raised shares of Pinterest from a “hold” rating to a “buy” rating and raised their price target for the company from $26.00 to $40.00 in a research report on Friday, August 2nd. Rosenblatt Securities reaffirmed a “hold” rating and issued a $31.00 price target on shares of Pinterest in a research report on Wednesday, August 7th. Citigroup raised their price target on shares of Pinterest from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Argus raised shares of Pinterest from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, August 15th. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $32.00 price target (up previously from $29.00) on shares of Pinterest in a research report on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.53.

Shares of NASDAQ:PINS traded down $0.71 during mid-day trading on Wednesday, reaching $29.40. The company had a trading volume of 82,712 shares, compared to its average volume of 6,249,508. The company has a 50-day simple moving average of $32.28. Pinterest has a one year low of $23.05 and a one year high of $36.83.

Pinterest (NASDAQ:PINS) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $261.20 million during the quarter, compared to the consensus estimate of $237.23 million. The firm’s revenue was up 62.0% on a year-over-year basis.

Pinterest Profile

There is no company description available for Pinterest Inc

Featured Article: Buy Rating

Institutional Ownership by Quarter for Pinterest (NASDAQ: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.