24,889 Shares in Pinterest, Inc. (NYSE:PINS) Bought by Tabor Asset Management LP

Tabor Asset Management LP bought a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 24,889 shares of the company's stock, valued at approximately $772,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new position in shares of Pinterest in the 4th quarter worth approximately $252,000. Natixis Advisors LLC lifted its holdings in shares of Pinterest by 16.5% during the 4th quarter. Natixis Advisors LLC now owns 124,799 shares of the company's stock valued at $3,619,000 after buying an additional 17,669 shares during the period. Royal London Asset Management Ltd. increased its holdings in Pinterest by 5.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 293,402 shares of the company's stock valued at $8,509,000 after buying an additional 14,942 shares during the last quarter. iA Global Asset Management Inc. bought a new position in shares of Pinterest in the fourth quarter worth about $782,000. Finally, Sciencast Management LP bought a new position in Pinterest in the 4th quarter worth $404,000. 88.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $36.88, for a total value of $42,412.00. Following the completion of the transaction, the director owned 31,750 shares of the company's stock, valued at $1,170,940. This trade represents a 3.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $36.01, for a total value of $3,676,008.83. Following the completion of the sale, the director owned 8,414 shares in the company, valued at approximately $302,988.14. The trade was a 92.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,381,678 shares of company stock valued at $46,988,343. Insiders own 7.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup reiterated a "buy" rating and issued a $44.00 price target (up from $41.00) on shares of Pinterest in a report on Tuesday, June 24th. Stifel Nicolaus dropped their target price on Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. KeyCorp increased their price target on Pinterest from $40.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday. Piper Sandler cut their price objective on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Raymond James Financial cut shares of Pinterest from an "overweight" rating to a "market perform" rating in a research note on Monday, April 7th. Five analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.45.

Pinterest Stock Up 2.3%

Shares of PINS stock traded up $0.87 during mid-day trading on Monday, hitting $37.98. 13,900,049 shares of the stock were exchanged, compared to its average volume of 11,098,149. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $42.02. The firm has a fifty day moving average of $34.23 and a 200 day moving average of $32.44. The company has a market cap of $25.76 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a net margin of 50.41% and a return on equity of 8.13%. The firm had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. During the same period in the prior year, the company posted $0.17 earnings per share. The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. Equities analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

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.