Senvest Management LLC Buys Shares of 1,557,780 Pinterest, Inc. (NYSE:PINS)

Senvest Management LLC acquired a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,557,780 shares of the company's stock, valued at approximately $45,176,000. Pinterest comprises about 1.4% of Senvest Management LLC's holdings, making the stock its 19th biggest holding. Senvest Management LLC owned approximately 0.23% of Pinterest as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Leibman Financial Services Inc. lifted its stake in 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. Janney Capital Management LLC acquired a new stake in shares of Pinterest in the fourth quarter valued at approximately $4,289,000. Jones Financial Companies Lllp boosted its stake in shares of Pinterest by 91.3% during the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock worth $725,000 after acquiring an additional 11,925 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Pinterest during the 4th quarter worth approximately $520,000. Finally, Swedbank AB boosted its position in Pinterest by 2,108.7% during the fourth quarter. Swedbank AB now owns 1,315,052 shares of the company's stock worth $38,137,000 after purchasing an additional 1,255,513 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the transaction, the director now directly owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 452,686 shares of company stock worth $14,797,342 over the last quarter. Insiders own 7.11% of the company's stock.

Pinterest Stock Down 1.1 %

NYSE:PINS traded down $0.29 on Friday, hitting $25.17. The stock had a trading volume of 8,877,896 shares, compared to its average volume of 10,496,539. The company has a market cap of $17.07 billion, a PE ratio of 9.36, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The business's fifty day moving average is $32.25 and its 200 day moving average is $31.92.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 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%. Equities analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on PINS shares. Monness Crespi & Hardt raised shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 target price for the company in a report on Friday, January 10th. Barclays increased their target price on Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Wells Fargo & Company cut their price target on shares of Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Rosenblatt Securities lifted their price objective on shares of Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Citigroup cut their target price on Pinterest from $47.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating and twenty-three 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 price target of $41.55.

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.