Pinterest, Inc. (NYSE:PINS) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 258.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,289 shares of the company’s stock after acquiring an additional 52,111 shares during the period. Tidal Investments LLC’s holdings in Pinterest were worth $2,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new position in shares of Pinterest in the 4th quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL boosted its holdings in Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after buying an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC grew its position in Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after buying an additional 590 shares during the last quarter. Huntington National Bank increased its holdings in shares of Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company’s stock valued at $59,000 after buying an additional 1,680 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Pinterest by 98.5% during the 4th quarter. CoreCap Advisors LLC now owns 2,096 shares of the company’s stock valued at $61,000 after acquiring an additional 1,040 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. UBS Group cut their target price on Pinterest from $50.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Roth Capital set a $32.00 price objective on Pinterest in a report on Monday, February 3rd. Stifel Nicolaus reduced their price objective on shares of Pinterest from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group dropped their target price on shares of Pinterest from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Bank of America reduced their price target on shares of Pinterest from $46.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.26.

Insider Buying and Selling at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 38,596 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $34.27, for a total transaction of $1,322,684.92. Following the completion of the sale, the chief financial officer now owns 231,879 shares of the company’s stock, valued at $7,946,493.33. The trade was a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 964,251 shares of company stock worth $31,640,305 over the last three months. Corporate insiders own 7.06% of the company’s stock.

Pinterest Stock Performance

Shares of PINS opened at $31.73 on Friday. The firm has a market cap of $21.52 billion, a PE ratio of 11.80, a PEG ratio of 1.95 and a beta of 0.83. The firm’s 50 day moving average price is $28.74 and its 200 day moving average price is $31.23. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal 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.