Atomi Financial Group Inc. Takes Position in Pinterest, Inc. (NYSE:PINS)

Atomi Financial Group Inc. acquired a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,513 shares of the company's stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in Pinterest by 5.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company's stock worth $205,000 after purchasing an additional 313 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Pinterest by 3.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company's stock valued at $304,000 after purchasing an additional 339 shares in the last quarter. Leibman Financial Services Inc. boosted its position in Pinterest by 1.2% during the third quarter. Leibman Financial Services Inc. now owns 31,758 shares of the company's stock worth $1,028,000 after purchasing an additional 368 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Pinterest by 0.7% during the 2nd quarter. Toronto Dominion Bank now owns 56,961 shares of the company's stock valued at $2,510,000 after buying an additional 372 shares in the last quarter. Finally, Commerce Bank raised its position in Pinterest by 3.3% during the third quarter. Commerce Bank now owns 11,868 shares of the company's stock worth $384,000 after acquiring an additional 378 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Price Performance

Shares of PINS traded down $0.51 during midday trading on Tuesday, reaching $32.97. The stock had a trading volume of 12,634,228 shares, compared to its average volume of 10,490,585. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The company has a market cap of $22.28 billion, a price-to-earnings ratio of 109.89, a PEG ratio of 1.61 and a beta of 1.04. The company's fifty day simple moving average is $30.64 and its two-hundred day simple moving average is $31.94.

Wall Street Analyst Weigh In

Several research firms have commented on PINS. Jefferies Financial Group reiterated a "hold" rating and set a $32.00 price objective (down from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Wedbush reissued an "outperform" rating and issued a $38.00 price objective on shares of Pinterest in a research note on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $48.00 target price on shares of Pinterest in a research note on Tuesday, December 10th. Rosenblatt Securities reduced their target price on shares of Pinterest from $48.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Finally, Benchmark restated a "hold" rating on shares of Pinterest in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.70.

Insider Activity

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the sale, the insider now directly owns 246,921 shares of the company's stock, valued at $7,610,105.22. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the transaction, the director now directly owns 30,236 shares in the company, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,157 shares of company stock worth $589,131. 7.11% of the stock is currently owned by insiders.

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.