Kettle Hill Capital Management LLC Takes Position in Pinterest, Inc. (NYSE:PINS)

Kettle Hill Capital Management LLC acquired a new position in Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 210,530 shares of the company's stock, valued at approximately $6,105,000. Pinterest comprises about 1.3% of Kettle Hill Capital Management LLC's investment portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of PINS. Whipplewood Advisors LLC bought a new stake in shares of Pinterest in the fourth quarter valued at $28,000. GAMMA Investing LLC raised its stake in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after buying an additional 415 shares during the period. Strategic Investment Solutions Inc. IL raised its stake in shares of Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after buying an additional 1,204 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after buying an additional 590 shares during the period. Finally, Huntington National Bank raised its stake in shares of Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after buying an additional 1,680 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Activity at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. This trade represents a 3.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 453,836 shares of company stock worth $14,828,392 in the last ninety days. 7.06% of the stock is owned by company insiders.

Pinterest Stock Down 0.5%

Shares of Pinterest stock traded down $0.15 during trading on Wednesday, hitting $32.78. 12,853,666 shares of the stock traded hands, compared to its average volume of 10,721,628. The stock has a market cap of $22.23 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.95 and a beta of 0.83. The firm's fifty day moving average is $28.74 and its 200-day moving average is $31.22. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on PINS shares. Raymond James lowered Pinterest from an "overweight" rating to a "market perform" rating in a research note on Monday, April 7th. Cantor Fitzgerald boosted their target price on Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Monness Crespi & Hardt lowered their target price on Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Morgan Stanley boosted their price objective on Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Citigroup boosted their price objective on Pinterest from $38.00 to $41.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.27.

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.