New Age Alpha Advisors LLC Sells 25,000 Shares of Pinterest, Inc. (NYSE:PINS)

New Age Alpha Advisors LLC decreased its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the company's stock after selling 25,000 shares during the period. New Age Alpha Advisors LLC's holdings in Pinterest were worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PINS. Whipplewood Advisors LLC acquired a new stake in Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC increased its holdings in shares of Pinterest by 63.5% in the fourth 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. True Wealth Design LLC raised its position in Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock worth $49,000 after purchasing an additional 1,487 shares during the last quarter. V Square Quantitative Management LLC raised its position in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after purchasing an additional 590 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in Pinterest by 17,692.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock valued at $67,000 after buying an additional 2,300 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PINS shares. Piper Sandler restated a "neutral" rating and set a $41.00 target price (up previously from $36.00) on shares of Pinterest in a research report on Friday, February 7th. Roth Capital set a $32.00 target price on shares of Pinterest in a research report on Monday, February 3rd. Wedbush raised their target price on shares of Pinterest from $38.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Stifel Nicolaus reissued a "buy" rating and set a $50.00 price target (up from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $32.00 price objective (down from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, Pinterest currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.17.

Pinterest Price Performance

Shares of PINS traded down $3.54 during midday trading on Thursday, hitting $27.84. The stock had a trading volume of 15,365,341 shares, compared to its average volume of 12,089,704. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. The company has a 50 day simple moving average of $34.64 and a two-hundred day simple moving average of $32.43. Pinterest, Inc. has a twelve month low of $26.95 and a twelve month high of $45.19.

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%. Analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the sale, the director now owns 6,274 shares in the company, valued at $195,497.84. This represents a 94.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, January 15th. The shares were 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 directly owns 30,236 shares of the company's stock, valued at approximately $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 sold 351,753 shares of company stock worth $11,640,201. 7.11% of the stock is owned by 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.