Cerity Partners LLC Invests $205,000 in Pinterest, Inc. (NYSE:PINS)

Cerity Partners LLC bought a new stake in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,526 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Venture Visionary Partners LLC increased its holdings in shares of Pinterest by 0.7% during 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 in the last quarter. Washington Trust Advisors Inc. increased its stake 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 in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Pinterest by 0.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 45,922 shares of the company’s stock worth $1,701,000 after buying an additional 348 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Pinterest by 17.7% in the fourth quarter. Allworth Financial LP now owns 2,856 shares of the company’s stock valued at $106,000 after buying an additional 430 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Pinterest by 4.8% during the third quarter. Blair William & Co. IL now owns 10,139 shares of the company’s stock valued at $274,000 after buying an additional 466 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the transaction, the director now directly owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the sale, the director now owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sabrina Ellis sold 24,410 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total value of $866,310.90. Following the transaction, the insider now directly owns 500,504 shares of the company’s stock, valued at approximately $17,762,886.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,471 shares of company stock valued at $6,525,231. Company insiders own 6.85% of the company’s stock.

Pinterest Stock Performance

Shares of NYSE PINS opened at $33.81 on Tuesday. The stock has a fifty day moving average of $34.53 and a 200-day moving average of $34.26. The stock has a market cap of $22.96 billion, a PE ratio of -563.50, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. Pinterest, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $41.60.

Pinterest (NYSE:PINS) last posted its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. On average, sell-side analysts predict that Pinterest, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Pinterest from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. KeyCorp cut their target price on Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Pinterest in a research report on Friday, February 9th. Evercore ISI lifted their price objective on shares of Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, BMO Capital Markets assumed coverage on shares of Pinterest in a report on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 target price for the company. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.39.

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.