Anomaly Capital Management LP Makes New Investment in Pinterest, Inc. (NYSE:PINS)

Anomaly Capital Management LP purchased a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 546,590 shares of the company's stock, valued at approximately $15,851,000. Anomaly Capital Management LP owned approximately 0.08% of Pinterest at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PINS. Whipplewood Advisors LLC acquired a new stake in shares of Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC boosted its holdings in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in 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 acquiring an additional 1,204 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after acquiring an additional 590 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after purchasing an additional 1,680 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Price Performance

Shares of Pinterest stock traded up $0.30 during trading hours on Friday, reaching $26.05. The company had a trading volume of 15,813,508 shares, compared to its average volume of 10,567,246. The firm has a market cap of $17.67 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The business has a fifty day simple moving average of $31.13 and a 200 day simple moving average of $31.70.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Activity

In related news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total value of $31,050.00. Following the sale, the director now directly owns 26,786 shares of the company's stock, valued at $723,222. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the completion of the transaction, the insider now owns 254,211 shares of the company's stock, valued at $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 453,836 shares of company stock worth $14,828,392. 7.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PINS has been the subject of several research reports. Wedbush reissued an "outperform" rating on shares of Pinterest in a research report on Tuesday, April 15th. UBS Group lowered their price objective on Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Sanford C. Bernstein raised Pinterest from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $34.00 to $47.00 in a research report on Friday, February 7th. Roth Capital set a $32.00 price target on Pinterest in a research report on Monday, February 3rd. Finally, Citigroup cut their price objective on shares of Pinterest from $47.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $41.10.

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.