Pittenger & Anderson Inc. Makes New $421,000 Investment in Pinterest, Inc. (NYSE:PINS)

Pittenger & Anderson Inc. bought a new stake in Pinterest, Inc. (NYSE:PINS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,365 shares of the company’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Pinterest by 3.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,427 shares of the company’s stock valued at $608,000 after purchasing an additional 583 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Pinterest in the 4th quarter valued at approximately $43,000. Yousif Capital Management LLC purchased a new position in shares of Pinterest in the 4th quarter valued at approximately $257,000. GAMMA Investing LLC purchased a new position in shares of Pinterest in the 4th quarter valued at approximately $27,000. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of Pinterest by 10.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 34,340 shares of the company’s stock valued at $1,272,000 after purchasing an additional 3,229 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. KeyCorp reduced their price objective on Pinterest from $48.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 price objective on shares of Pinterest in a research report on Tuesday, March 26th. JPMorgan Chase & Co. raised their price objective on Pinterest from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Argus raised Pinterest from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, January 18th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of Pinterest in a research report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.68.

Pinterest Trading Down 0.6 %

Shares of NYSE:PINS traded down $0.21 during mid-day trading on Thursday, reaching $32.64. The stock had a trading volume of 16,699,920 shares, compared to its average volume of 9,505,610. The company has a market cap of $22.16 billion, a P/E ratio of -547.41, a price-to-earnings-growth ratio of 4.53 and a beta of 0.99. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60. The business’s 50 day moving average price is $34.68 and its 200 day moving average price is $34.16.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $981.26 million for the quarter, compared to the consensus estimate of $988.62 million. Analysts predict that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Pinterest

In other news, Director Jeffrey D. Jordan sold 20,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the completion of the sale, the director now owns 74,215 shares in the company, valued at approximately $2,789,741.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Sabrina Ellis sold 24,410 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 in the company, valued at approximately $17,762,886.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey D. Jordan sold 20,000 shares of Pinterest stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $37.59, for a total transaction of $751,800.00. Following the sale, the director now directly owns 74,215 shares in the company, valued at approximately $2,789,741.85. 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. 6.85% of the stock is currently 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.