Monimus Capital Management LP Makes New $1.62 Million Investment in Pinterest, Inc. (NYSE:PINS)

Monimus Capital Management LP purchased a new position in Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,833 shares of the company's stock, valued at approximately $1,619,000. Pinterest accounts for 1.5% of Monimus Capital Management LP's holdings, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of PINS. Maverick Capital Ltd. lifted its position in shares of Pinterest by 47.6% during the 3rd quarter. Maverick Capital Ltd. now owns 57,180 shares of the company's stock valued at $1,851,000 after buying an additional 18,430 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Pinterest by 8.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company's stock valued at $49,855,000 after purchasing an additional 119,367 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Pinterest by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company's stock worth $27,326,000 after buying an additional 32,539 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Pinterest by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company's stock worth $137,669,000 after acquiring an additional 87,041 shares in the last quarter. Finally, Leibman Financial Services Inc. increased its position in shares of Pinterest by 102.2% in the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock valued at $1,862,000 after purchasing an additional 32,464 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

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Analysts Set New Price Targets

PINS has been the subject of several recent research reports. Barclays increased their price target on Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Oppenheimer raised their price target on Pinterest from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Guggenheim raised their target price on Pinterest from $33.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Roth Capital set a $32.00 price objective on shares of Pinterest in a report on Monday, February 3rd. Finally, TD Cowen assumed coverage on shares of Pinterest in a research report on Tuesday, November 26th. They set a "buy" rating and a $38.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.30.

Pinterest Price Performance

PINS traded up $0.32 during trading on Wednesday, reaching $31.62. 13,960,021 shares of the stock traded hands, compared to its average volume of 9,839,427. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The stock's 50-day simple moving average is $34.32 and its two-hundred day simple moving average is $32.28. The stock has a market cap of $21.45 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

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

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the transaction, the director now owns 29,086 shares of the company's stock, valued at $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Andrea Acosta sold 3,667 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares of the company's stock, valued at $5,399,072.34. This represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,729 shares of company stock worth $3,617,950 in the last 90 days. 7.11% of the stock is owned by company insiders.

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.