Compound Global Advisors LLC Purchases New Holdings in Pinterest, Inc. (NYSE:PINS)

Compound Global Advisors LLC bought a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,000 shares of the company's stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Savant Capital LLC lifted its holdings in Pinterest by 47.0% during the fourth quarter. Savant Capital LLC now owns 15,094 shares of the company's stock worth $438,000 after acquiring an additional 4,827 shares in the last quarter. Stephens Inc. AR lifted its holdings in Pinterest by 100.5% during the fourth quarter. Stephens Inc. AR now owns 56,534 shares of the company's stock worth $1,639,000 after acquiring an additional 28,334 shares in the last quarter. Entropy Technologies LP bought a new position in Pinterest during the fourth quarter worth about $375,000. Empowered Funds LLC lifted its holdings in Pinterest by 13.7% during the fourth quarter. Empowered Funds LLC now owns 10,420 shares of the company's stock worth $302,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Generate Investment Management Ltd lifted its holdings in Pinterest by 97.2% during the fourth quarter. Generate Investment Management Ltd now owns 406,016 shares of the company's stock worth $11,774,000 after acquiring an additional 200,135 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

Pinterest stock traded down $0.13 during midday trading on Friday, reaching $38.96. 7,736,410 shares of the company's stock were exchanged, compared to its average volume of 12,585,823. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.72 and a beta of 1.06. The stock's 50-day simple moving average is $32.06 and its 200 day simple moving average is $31.58.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 9.20% and a net margin of 51.07%. Research analysts forecast that Pinterest, Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PINS. Guggenheim lifted their target price on Pinterest from $33.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Morgan Stanley lifted their price target on Pinterest from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Robert W. Baird dropped their price target on Pinterest from $41.00 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. TD Cowen began coverage on Pinterest in a research note on Tuesday, November 26th. They issued a "buy" rating and a $38.00 price target on the stock. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $50.00 price target (up previously from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.86.

Insider Transactions at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the sale, the insider now owns 246,921 shares in the company, 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 SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the sale, the director now owns 32,536 shares of the company's stock, valued at approximately $967,295.28. This trade represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,157 shares of company stock worth $589,131 over the last quarter. Company insiders own 7.11% of the company's stock.

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.