24,417 Shares in Pinterest, Inc. (NYSE:PINS) Bought by FORA Capital LLC

FORA Capital LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 24,417 shares of the company's stock, valued at approximately $708,000.

A number of other large investors have also recently made changes to their positions in PINS. Leibman Financial Services Inc. raised its holdings in Pinterest by 102.2% during the fourth quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock valued at $1,862,000 after acquiring an additional 32,464 shares during the period. Janney Capital Management LLC bought a new position in Pinterest in the 4th quarter worth approximately $4,289,000. Jones Financial Companies Lllp grew its holdings in Pinterest by 91.3% during the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after buying an additional 11,925 shares in the last quarter. Swedbank AB grew its holdings in Pinterest by 2,108.7% during the 4th quarter. Swedbank AB now owns 1,315,052 shares of the company's stock valued at $38,137,000 after buying an additional 1,255,513 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Pinterest by 699.4% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 296,033 shares of the company's stock valued at $8,585,000 after buying an additional 259,002 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group decreased their target price on Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Piper Sandler dropped their price target on Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. KeyCorp lifted their price objective on Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Wedbush reiterated an "outperform" rating and set a $40.00 target price (up from $38.00) on shares of Pinterest in a research report on Friday. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.27.

Insider Transactions at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 6,690 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.85, for a total value of $219,766.50. Following the completion of the sale, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total transaction of $31,050.00. Following the completion of the sale, the director now directly owns 26,786 shares of the company's stock, valued at $723,222. The trade was a 4.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 453,836 shares of company stock valued at $14,828,392. 7.06% of the stock is currently owned by corporate insiders.

Pinterest Price Performance

Shares of NYSE:PINS traded up $3.60 during trading on Monday, reaching $32.82. 34,027,662 shares of the company were exchanged, compared to its average volume of 10,685,542. The business's fifty day simple moving average is $28.77 and its 200-day simple moving average is $31.21. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19. The firm has a market capitalization of $22.26 billion, a PE ratio of 12.20, a P/E/G ratio of 1.95 and a beta of 0.83.

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