Landscape Capital Management L.L.C. Lowers Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Landscape Capital Management L.L.C. reduced its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 17.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,627 shares of the company's stock after selling 12,118 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Pinterest were worth $1,700,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PINS. Whipplewood Advisors LLC bought a new stake in shares of Pinterest during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC raised its position in Pinterest by 63.5% during 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 in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of 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 in the last quarter. Huntington National Bank lifted its stake in Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after acquiring an additional 1,680 shares during the period. Finally, Manchester Capital Management LLC grew its holdings in Pinterest by 17,692.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock worth $67,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

PINS has been the topic of a number of recent research reports. Roth Capital set a $32.00 price objective on shares of Pinterest in a research note on Monday, February 3rd. Stifel Nicolaus reiterated a "buy" rating and issued a $50.00 price target (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Piper Sandler decreased their price objective on Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday. Bank of America reduced their target price on shares of Pinterest from $46.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Royal Bank of Canada raised their price target on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.45.

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Pinterest Stock Down 7.2 %

Shares of NYSE:PINS traded down $2.03 during trading on Thursday, reaching $26.11. 6,325,325 shares of the company's stock traded hands, compared to its average volume of 10,382,713. The firm has a market cap of $17.71 billion, a PE ratio of 9.76, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The company has a 50-day simple moving average of $33.70 and a 200-day simple moving average of $32.24.

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

Insider Transactions at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 12,253 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $32.24, for a total value of $395,036.72. Following the completion of the sale, the insider now owns 228,510 shares of the company's stock, valued at approximately $7,367,162.40. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated 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 directly owns 6,274 shares of the company's stock, valued at $196,187.98. This represents a 94.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 453,836 shares of company stock valued at $14,832,336 over the last 90 days. Corporate 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.