Gotham Asset Management LLC Acquires 41,808 Shares of Pinterest, Inc. (NYSE:PINS)

Gotham Asset Management LLC grew its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,065 shares of the company's stock after acquiring an additional 41,808 shares during the quarter. Gotham Asset Management LLC's holdings in Pinterest were worth $7,687,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PINS. GAMMA Investing LLC increased its holdings in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after purchasing an additional 415 shares in the last quarter. Graypoint LLC acquired a new stake in shares of Pinterest in the 4th quarter valued at $317,000. Claro Advisors LLC acquired a new stake in shares of Pinterest in the 4th quarter valued at $226,000. Pallas Capital Advisors LLC increased its stake in shares of Pinterest by 49.4% in the 4th quarter. Pallas Capital Advisors LLC now owns 23,304 shares of the company's stock valued at $676,000 after buying an additional 7,709 shares during the period. Finally, Leibman Financial Services Inc. grew its stake in shares of Pinterest by 102.2% during the fourth quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock worth $1,862,000 after purchasing an additional 32,464 shares during the period. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PINS. Sanford C. Bernstein raised Pinterest from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Morgan Stanley boosted their target price on Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Piper Sandler decreased their target price on Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Benchmark decreased their target price on Pinterest from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Cantor Fitzgerald boosted their price target on Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.26.

Insider Buying and Selling at Pinterest

In other news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. This represents a 2.48% 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 stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now directly owns 29,086 shares in the company, valued at approximately $1,139,880.34. This trade represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 862,168 shares of company stock valued at $28,368,681 in the last ninety days. 7.06% of the stock is currently owned by corporate insiders.

Pinterest Stock Performance

PINS traded up $0.32 during trading hours on Friday, reaching $32.56. The company's stock had a trading volume of 11,143,283 shares, compared to its average volume of 10,720,731. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The company's 50-day moving average is $28.72 and its 200-day moving average is $31.23. The firm has a market cap of $22.08 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results 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). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business had revenue of $854.99 million during the quarter, compared to the consensus estimate of $848.49 million. During the same quarter last year, the company posted $0.17 EPS. The firm's revenue was up 15.5% on a year-over-year basis. Equities analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Pinterest 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.