Pinterest, Inc. (NYSE:PINS) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in Pinterest, Inc. (NYSE:PINS) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 26,400 shares of the company’s stock after buying an additional 1,100 shares during the period. Nisa Investment Advisors LLC’s holdings in Pinterest were worth $978,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Pinterest by 11.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 418,732 shares of the company’s stock worth $15,510,000 after purchasing an additional 43,318 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Pinterest by 506.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,283,166 shares of the company’s stock worth $47,926,000 after buying an additional 1,071,480 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Pinterest in the fourth quarter valued at approximately $250,000. Venture Visionary Partners LLC boosted its holdings in shares of Pinterest by 0.7% in the fourth quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock valued at $1,816,000 after acquiring an additional 324 shares during the period. Finally, Allworth Financial LP grew its position in shares of Pinterest by 17.7% during the fourth quarter. Allworth Financial LP now owns 2,856 shares of the company’s stock worth $106,000 after acquiring an additional 430 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40. Following the completion of the sale, the director now directly owns 33,580 shares in the company, valued at approximately $1,145,078. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $34.10, for a total value of $65,949.40. Following the transaction, the director now directly owns 33,580 shares in the company, valued at $1,145,078. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the completion of the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. Insiders have sold 184,471 shares of company stock worth $6,531,381 in the last 90 days. Company insiders own 6.85% of the company’s stock.

Pinterest Stock Performance

Shares of NYSE PINS opened at $32.58 on Tuesday. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60. The stock’s 50-day simple moving average is $35.50 and its 200-day simple moving average is $33.87. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of -543.00, a PEG ratio of 4.60 and a beta of 0.99.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. The company had revenue of $981.26 million for the quarter, compared to the consensus estimate of $988.62 million. As a group, research analysts predict that Pinterest, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wedbush upped their price target on shares of Pinterest from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Royal Bank of Canada increased their target price on shares of Pinterest from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. KeyCorp boosted their price target on Pinterest from $37.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Argus raised Pinterest from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, January 18th. Finally, Piper Sandler reissued an “overweight” rating and issued a $48.00 target price on shares of Pinterest in a report on Tuesday, March 26th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.97.

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.