Cache Advisors LLC Acquires Shares of 9,000 Pinterest, Inc. (NYSE:PINS)

Cache Advisors LLC acquired a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,000 shares of the company's stock, valued at approximately $261,000.

Other hedge funds also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Pinterest by 2.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock worth $366,000 after buying an additional 342 shares during the period. Ethos Financial Group LLC grew its stake in Pinterest by 3.1% in the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock worth $342,000 after acquiring an additional 350 shares in the last quarter. Amalgamated Bank grew its stake in Pinterest by 0.9% in the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company's stock worth $1,154,000 after acquiring an additional 372 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Pinterest by 20.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company's stock valued at $75,000 after acquiring an additional 429 shares in the last quarter. Finally, Redwood Investment Management LLC boosted its holdings in shares of Pinterest by 3.2% in the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock valued at $463,000 after purchasing an additional 495 shares during the period. Institutional investors own 88.81% of the company's stock.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 408,332 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the sale, the director now directly owns 6,274 shares of the company's stock, valued at approximately $208,045.84. This represents a 98.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeremy S. Levine sold 50,535 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $33.98, for a total transaction of $1,717,179.30. Following the sale, the director now directly owns 1,156,693 shares in the company, valued at $39,304,428.14. This trade represents a 4.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 964,343 shares of company stock worth $31,622,701 over the last 90 days. 7.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PINS. Wolfe Research raised Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research report on Thursday, May 15th. Rosenblatt Securities increased their price target on Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Guggenheim dropped their price target on Pinterest from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. KeyCorp increased their price target on Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Stifel Nicolaus lowered their price target on shares of Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat, Pinterest has a consensus rating of "Moderate Buy" and a consensus target price of $40.26.

Pinterest Stock Up 1.8%

Shares of NYSE:PINS traded up $0.56 during midday trading on Tuesday, reaching $31.46. The company's stock had a trading volume of 10,223,008 shares, compared to its average volume of 10,822,088. The firm has a market capitalization of $21.34 billion, a PE ratio of 11.70, a P/E/G ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $45.19. The stock has a fifty day moving average of $28.72 and a 200 day moving average of $31.19.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The business had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm's revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 EPS. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share 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.