Avantax Advisory Services Inc. Sells 10,410 Shares of Pinterest, Inc. (NYSE:PINS)

Avantax Advisory Services Inc. lowered its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 38.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,398 shares of the company's stock after selling 10,410 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Pinterest were worth $476,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PINS. Whipplewood Advisors LLC bought a new stake in Pinterest in the fourth quarter valued at about $28,000. GAMMA Investing LLC grew its stake in shares of Pinterest by 63.5% in 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 during the period. Crewe Advisors LLC raised its holdings in shares of Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock worth $37,000 after buying an additional 550 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock worth $49,000 after buying an additional 1,487 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of Pinterest by 51.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PINS shares. Royal Bank of Canada increased their price objective on Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Cantor Fitzgerald increased their target price on shares of Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Roth Capital set a $32.00 price target on shares of Pinterest in a research report on Monday, February 3rd. Rosenblatt Securities upped their price objective on shares of Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Monness Crespi & Hardt upgraded shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $43.33.

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Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the transaction, the director now directly owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the stock in a transaction that occurred on 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 directly owns 254,211 shares of the company's stock, valued at approximately $8,350,831.35. The trade was a 2.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 237,417 shares of company stock valued at $7,803,946. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Trading Down 1.9 %

Shares of PINS stock traded down $0.62 on Thursday, reaching $32.29. The company had a trading volume of 5,571,512 shares, compared to its average volume of 9,864,588. The company has a 50-day moving average of $34.60 and a 200-day moving average of $32.35. The stock has a market cap of $21.90 billion, a PE ratio of 12.00, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share 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%. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current 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.