Venturi Wealth Management LLC Purchases 18,359 Shares of Pinterest, Inc. (NYSE:PINS)

Venturi Wealth Management LLC raised its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 3,096.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 18,952 shares of the company's stock after buying an additional 18,359 shares during the quarter. Venturi Wealth Management LLC's holdings in Pinterest were worth $550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in Pinterest by 13.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,197 shares of the company's stock worth $702,000 after acquiring an additional 2,940 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Pinterest by 0.8% in the 4th quarter. Sanctuary Advisors LLC now owns 125,396 shares of the company's stock worth $3,636,000 after purchasing an additional 1,043 shares in the last quarter. Allworth Financial LP lifted its stake in Pinterest by 10.3% during the fourth quarter. Allworth Financial LP now owns 8,983 shares of the company's stock valued at $284,000 after purchasing an additional 836 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Pinterest by 17,692.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock valued at $67,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Pinterest by 4.6% during the fourth quarter. Rhumbline Advisers now owns 1,168,537 shares of the company's stock worth $33,888,000 after buying an additional 51,532 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on PINS. Jefferies Financial Group reiterated a "hold" rating and set a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. The Goldman Sachs Group lifted their price target on Pinterest from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Guggenheim boosted their price target on shares of Pinterest from $33.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Morgan Stanley upped their price target on shares of Pinterest from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. 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 objective on the stock. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.86.

Insider Buying and Selling at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the transaction, the insider now owns 246,921 shares in the company, valued at $7,610,105.22. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. Insiders sold a total of 19,157 shares of company stock valued at $600,010 in the last quarter. Corporate insiders own 7.11% of the company's stock.

Pinterest Trading Up 2.5 %

NYSE PINS traded up $0.97 during trading on Thursday, hitting $39.66. 11,980,771 shares of the company traded hands, compared to its average volume of 12,332,755. The business has a fifty day simple moving average of $32.60 and a 200 day simple moving average of $31.72. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The company has a market capitalization of $26.90 billion, a P/E ratio of 14.74, a PEG ratio of 1.93 and a beta of 1.06.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 8.10% and a net margin of 51.07%. Equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.