Blair William & Co. IL Takes $799,000 Position in Pinterest, Inc. (NYSE:PINS)

Blair William & Co. IL bought a new position in Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 27,551 shares of the company's stock, valued at approximately $799,000.

Other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new position in shares of Pinterest in the fourth quarter worth approximately $28,000. GAMMA Investing LLC raised its stake in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after purchasing an additional 415 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in 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 acquiring an additional 590 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Pinterest by 17,692.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock worth $67,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Pinterest by 20.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company's stock worth $75,000 after purchasing an additional 429 shares during the period. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Down 12.2 %

Shares of PINS stock opened at $27.54 on Friday. The firm has a market capitalization of $18.68 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a twelve month low of $26.95 and a twelve month high of $45.19. The stock's fifty day simple moving average is $34.54 and its 200 day simple moving average is $32.40.

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Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. As a group, equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

PINS has been the topic of several research analyst reports. Piper Sandler restated a "neutral" rating and issued a $41.00 price objective (up previously from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Royal Bank of Canada increased their price target on shares of Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. KeyCorp cut their price objective on Pinterest from $46.00 to $41.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Monness Crespi & Hardt raised Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 target price on the stock in a report on Friday, January 10th. Finally, Cantor Fitzgerald increased their price objective on shares of Pinterest from $36.00 to $48.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.17.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.27, for a total transaction of $3,192,135.41. Following the completion of the sale, the director now owns 6,274 shares of the company's stock, valued at approximately $196,187.98. This represents a 94.21 % 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 business'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 transaction of $34,994.50. Following the completion of the transaction, the director now owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 453,836 shares of company stock worth $14,832,336. Company insiders own 7.11% of the company's stock.

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.

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