Pinterest, Inc. (NYSE:PINS) Shares Sold by Mainstream Capital Management LLC

Mainstream Capital Management LLC decreased its position in Pinterest, Inc. (NYSE:PINS) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,200 shares of the company’s stock after selling 1,000 shares during the quarter. Mainstream Capital Management LLC’s holdings in Pinterest were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in shares of Pinterest by 3.7% during the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock worth $304,000 after buying an additional 339 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after buying an additional 342 shares in the last quarter. Amalgamated Bank grew its position in shares of Pinterest by 0.9% during the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock worth $1,154,000 after buying an additional 372 shares in the last quarter. Commerce Bank grew its position in shares of Pinterest by 3.3% during the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after buying an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after buying an additional 415 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Guggenheim raised their price target on shares of Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Cantor Fitzgerald raised their price objective on Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, February 7th. Robert W. Baird reduced their price objective on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Rosenblatt Securities raised their price objective on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and an average target price of $43.47.

Pinterest Stock Down 3.8 %

NYSE:PINS opened at $35.57 on Tuesday. The business’s 50-day moving average price is $33.71 and its 200 day moving average price is $32.18. The firm has a market cap of $24.12 billion, a P/E ratio of 13.22, a PEG ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total value of $35,627.00. Following the sale, the director now owns 31,386 shares of the company’s stock, valued at approximately $972,338.28. This represents a 3.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,117 shares of company stock valued at $253,056. 7.11% of the stock is owned by corporate insiders.

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.