Signaturefd LLC Purchases 3,202 Shares of Pinterest, Inc. (NYSE:PINS)

Signaturefd LLC grew its position in Pinterest, Inc. (NYSE:PINS) by 46.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,141 shares of the company’s stock after acquiring an additional 3,202 shares during the period. Signaturefd LLC’s holdings in Pinterest were worth $376,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PINS. Ameriprise Financial Inc. raised its position in Pinterest by 43.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company’s stock worth $300,639,000 after purchasing an additional 3,390,924 shares during the last quarter. Baillie Gifford & Co. raised its position in Pinterest by 12.6% during the 4th quarter. Baillie Gifford & Co. now owns 9,305,759 shares of the company’s stock worth $344,685,000 after purchasing an additional 1,043,173 shares during the last quarter. Clearbridge Investments LLC raised its position in Pinterest by 26.0% during the 3rd quarter. Clearbridge Investments LLC now owns 6,820,443 shares of the company’s stock worth $184,357,000 after purchasing an additional 1,407,793 shares during the last quarter. Brown Advisory Inc. raised its position in Pinterest by 1.1% during the 3rd quarter. Brown Advisory Inc. now owns 6,352,023 shares of the company’s stock worth $171,695,000 after purchasing an additional 69,773 shares during the last quarter. Finally, FMR LLC raised its position in Pinterest by 8.1% during the 3rd quarter. FMR LLC now owns 5,097,160 shares of the company’s stock worth $137,776,000 after purchasing an additional 381,837 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

PINS stock opened at $32.64 on Friday. The company has a market capitalization of $22.16 billion, a P/E ratio of -543.91, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. Pinterest, Inc. has a 52-week low of $20.60 and a 52-week high of $41.60. The business has a 50-day simple moving average of $34.61 and a two-hundred day simple moving average of $34.15.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. As a group, sell-side analysts forecast that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PINS has been the subject of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 target price on shares of Pinterest in a research report on Tuesday, March 26th. KeyCorp lowered 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. Susquehanna lifted their price objective on Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on Pinterest from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets started coverage on Pinterest in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.68.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the completion of the transaction, the chief financial officer now owns 392,829 shares in the company, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. Insiders have sold 184,471 shares of company stock worth $6,525,231 in the last 90 days. Insiders own 6.85% of the company’s stock.

Pinterest 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.