8,564 Shares in Pinterest, Inc. (NYSE:PINS) Bought by Savant Capital LLC

Savant Capital LLC bought a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,564 shares of the company’s stock, valued at approximately $317,000.

Several other large investors have also recently made changes to their positions in PINS. GAMMA Investing LLC bought a new position in Pinterest during the fourth quarter valued at about $27,000. Rakuten Securities Inc. purchased a new position in Pinterest in the fourth quarter valued at about $30,000. Washington Trust Advisors Inc. grew its position in shares of 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 acquiring an additional 326 shares during the period. Clear Street Markets LLC purchased a new stake in shares of Pinterest during the 3rd quarter worth approximately $41,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Pinterest in the 4th quarter worth approximately $43,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PINS. BMO Capital Markets raised their target price on Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of Pinterest in a research note on Wednesday, May 1st. Evercore ISI increased their target price on shares of Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Wedbush lifted their target price on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.26.

Insider Activity

In other Pinterest news, insider Sabrina Ellis sold 24,410 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the sale, the insider now directly owns 500,504 shares in the company, valued at $17,762,886.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sabrina Ellis sold 24,410 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total transaction 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 164,471 shares of company stock valued at $5,773,431. Corporate insiders own 7.11% of the company’s stock.

Pinterest Price Performance

NYSE PINS opened at $41.38 on Tuesday. The business’s 50-day moving average is $34.90 and its 200 day moving average is $34.68. The stock has a market capitalization of $28.27 billion, a PE ratio of 197.06, a PEG ratio of 4.02 and a beta of 0.99. Pinterest, Inc. has a 1 year low of $20.88 and a 1 year high of $41.60.

Pinterest (NYSE:PINS) last posted its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $981.26 million for the quarter, compared to analysts’ expectations of $988.62 million. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.43 earnings per share for the current year.

Pinterest Company 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.