Sava Infond d.o.o. Purchases New Shares in Pinterest, Inc. (NYSE:PINS)

Sava Infond d.o.o. acquired a new position in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 39,000 shares of the company’s stock, valued at approximately $1,131,000.

Other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC bought a new stake in Pinterest in the fourth quarter worth about $28,000. GAMMA Investing LLC lifted its stake in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after acquiring an additional 415 shares during the last quarter. True Wealth Design LLC boosted its holdings in Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after acquiring an additional 1,487 shares during the period. V Square Quantitative Management LLC grew its position in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after acquiring an additional 590 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Pinterest by 17,692.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company’s stock worth $67,000 after purchasing an additional 2,300 shares during the period. Institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

PINS has been the topic of a number of research analyst reports. Oppenheimer upped their price target on shares of Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $47.00 in a research report on Friday, February 7th. Wedbush lifted their price target on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Roth Capital set a $32.00 price objective on Pinterest in a research note on Monday, February 3rd. Finally, Cantor Fitzgerald lifted their target price on Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Insider Activity at Pinterest

In related news, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. The trade was a 2.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the transaction, the director now directly owns 29,086 shares of the company’s stock, valued at $1,139,880.34. The trade was a 3.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 237,417 shares of company stock worth $7,803,946 in the last three months. Company insiders own 7.11% of the company’s stock.

Pinterest Stock Down 4.8 %

PINS stock opened at $32.96 on Thursday. The stock has a market capitalization of $22.35 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a 50 day moving average of $34.60 and a 200 day moving average of $32.35.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) 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%. On average, equities research analysts expect that Pinterest, Inc. will post 0.6 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.