Sciencast Management LP Purchases Shares of 13,931 Pinterest, Inc. (NYSE:PINS)

Sciencast Management LP acquired a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,931 shares of the company's stock, valued at approximately $404,000.

A number of other institutional investors also recently bought and sold shares of PINS. 1620 Investment Advisors Inc. acquired a new position in Pinterest in the 4th quarter valued at about $106,000. Contrarius Group Holdings Ltd purchased a new position in shares of Pinterest in the 4th quarter valued at approximately $10,199,000. iA Global Asset Management Inc. acquired a new position in shares of Pinterest in the fourth quarter valued at approximately $782,000. Royal London Asset Management Ltd. raised its stake in shares of Pinterest by 5.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 293,402 shares of the company's stock worth $8,509,000 after purchasing an additional 14,942 shares during the last quarter. Finally, Vinva Investment Management Ltd lifted its holdings in shares of Pinterest by 888.6% during the fourth quarter. Vinva Investment Management Ltd now owns 346,629 shares of the company's stock worth $10,186,000 after purchasing an additional 311,566 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PINS has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Piper Sandler reiterated a "neutral" rating and set a $41.00 price target (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Jefferies Financial Group reissued a "hold" rating and set a $32.00 price target (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Rosenblatt Securities lifted their price objective on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Cantor Fitzgerald boosted their target price on Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.33.

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Insider Buying and Selling

In other news, insider Wanjiku Juanita Walcott sold 12,253 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $32.24, for a total transaction of $395,036.72. Following the transaction, the insider now directly owns 228,510 shares in the company, valued at $7,367,162.40. This represents a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 30,236 shares of the company's stock, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 351,753 shares of company stock worth $11,640,201. 7.11% of the stock is owned by insiders.

Pinterest Stock Down 1.9 %

Shares of PINS traded down $0.62 during trading hours on Thursday, reaching $32.29. 5,571,516 shares of the company traded hands, compared to its average volume of 9,864,591. The stock has a market capitalization of $21.90 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The stock has a fifty day simple moving average of $34.60 and a 200 day simple moving average of $32.35. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19.

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

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.