Bleakley Financial Group LLC Has $369,000 Stock Position in Pinterest, Inc. (NYSE:PINS)

Bleakley Financial Group LLC increased its stake in shares of Pinterest, Inc. (NYSE:PINS) by 24.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,953 shares of the company’s stock after buying an additional 1,972 shares during the period. Bleakley Financial Group LLC’s holdings in Pinterest were worth $369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PINS. Venture Visionary Partners LLC lifted its position in Pinterest by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock valued at $1,816,000 after purchasing an additional 324 shares during the period. Washington Trust Advisors Inc. lifted its position in Pinterest by 46.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares during the period. Creative Financial Designs Inc. ADV lifted its position in Pinterest by 0.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 45,922 shares of the company’s stock valued at $1,701,000 after purchasing an additional 348 shares during the period. Allworth Financial LP lifted its position in Pinterest by 17.7% during the 4th quarter. Allworth Financial LP now owns 2,856 shares of the company’s stock valued at $106,000 after purchasing an additional 430 shares during the period. Finally, Blair William & Co. IL lifted its position in Pinterest by 4.8% during the 3rd quarter. Blair William & Co. IL now owns 10,139 shares of the company’s stock valued at $274,000 after purchasing an additional 466 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on PINS shares. Evercore ISI upped their target price on shares of Pinterest from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. KeyCorp upped their target price on shares of Pinterest from $37.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. BMO Capital Markets began coverage on Pinterest in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 price target for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price target on shares of Pinterest in a research note on Friday, February 9th. Finally, Stifel Nicolaus upped their price target on Pinterest from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.97.

Pinterest Stock Down 1.4 %

Shares of PINS opened at $33.54 on Monday. Pinterest, Inc. has a twelve month low of $20.60 and a twelve month high of $41.60. The company has a 50 day moving average of $35.50 and a 200-day moving average of $33.81.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $981.26 million during the quarter, compared to analysts’ expectations of $988.62 million. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. On average, sell-side analysts predict that Pinterest, Inc. will post 0.36 EPS for the current fiscal year.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $36.52, for a total transaction of $70,629.68. Following the completion of the transaction, the director now directly owns 37,448 shares of the company’s stock, valued at approximately $1,367,600.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Jeffrey D. Jordan sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total value of $751,800.00. Following the completion of the sale, the director now owns 74,215 shares of the company’s stock, valued at approximately $2,789,741.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $36.52, for a total value of $70,629.68. Following the completion of the sale, the director now directly owns 37,448 shares of the company’s stock, valued at approximately $1,367,600.96. The disclosure for this sale can be found here. Insiders sold 184,471 shares of company stock valued at $6,531,381 in the last ninety days. 6.85% of the stock is currently owned by corporate 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.