Long Focus Capital Management LLC Boosts Stake in Pinterest, Inc. (NYSE:PINS)

Long Focus Capital Management LLC boosted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 372.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 907,483 shares of the company's stock after acquiring an additional 715,483 shares during the quarter. Pinterest comprises approximately 0.9% of Long Focus Capital Management LLC's portfolio, making the stock its 20th biggest holding. Long Focus Capital Management LLC owned about 0.13% of Pinterest worth $26,317,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Pinterest by 2.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock valued at $366,000 after purchasing an additional 342 shares during the period. Ethos Financial Group LLC lifted its position in shares of Pinterest by 3.1% during the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock valued at $342,000 after acquiring an additional 350 shares during the period. Amalgamated Bank grew its holdings in shares of Pinterest by 0.9% in the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company's stock worth $1,154,000 after acquiring an additional 372 shares during the period. GAMMA Investing LLC raised its holdings in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after purchasing an additional 415 shares during the last quarter. Finally, Steph & Co. boosted its position in Pinterest by 6.4% during the fourth quarter. Steph & Co. now owns 7,048 shares of the company's stock worth $204,000 after purchasing an additional 425 shares in the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Trading Up 1.9 %

Shares of NYSE PINS opened at $24.67 on Wednesday. The stock has a fifty day moving average price of $31.66 and a 200 day moving average price of $31.79. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19. The company has a market cap of $16.73 billion, a P/E ratio of 9.17, a P/E/G ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.33 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%. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PINS has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Pinterest from $42.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Monness Crespi & Hardt raised shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price target on the stock in a report on Friday, January 10th. Cantor Fitzgerald raised their price objective on shares of Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Sanford C. Bernstein raised Pinterest from a "market perform" rating to an "outperform" rating and upped their target price for the company from $34.00 to $47.00 in a research note on Friday, February 7th. Finally, Citigroup dropped their price target on Pinterest from $47.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, Pinterest currently has a consensus rating of "Moderate Buy" and an average target price of $41.55.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 in the company, valued at $196,187.98. This trade represents a 94.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now owns 29,086 shares in the company, valued at $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 452,686 shares of company stock valued at $14,797,342. Corporate insiders own 7.11% of the company's stock.

Pinterest 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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