Allworth Financial LP Buys 836 Shares of Pinterest, Inc. (NYSE:PINS)

Allworth Financial LP lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,983 shares of the company’s stock after acquiring an additional 836 shares during the period. Allworth Financial LP’s holdings in Pinterest were worth $284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased 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 acquiring an additional 415 shares in the last quarter. Crewe Advisors LLC increased its position in shares of Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after acquiring an additional 550 shares in the last quarter. True Wealth Design LLC increased its position in shares of Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after acquiring an additional 1,487 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after acquiring an additional 590 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of Pinterest by 17,692.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company’s stock worth $67,000 after acquiring an additional 2,300 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Pinterest Trading Down 4.8 %

Shares of PINS stock opened at $37.68 on Friday. The stock has a market capitalization of $25.55 billion, a P/E ratio of 14.01, a PEG ratio of 1.90 and a beta of 1.06. The firm’s 50 day moving average is $32.78 and its 200 day moving average is $31.78. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on PINS. The Goldman Sachs Group boosted their target price on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group cut their price target on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price target (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Roth Mkm cut their price target on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Morgan Stanley boosted their price target on shares of Pinterest from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $43.86.

Insider Activity at Pinterest

In related news, CAO Andrea Acosta sold 3,845 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the sale, the chief accounting officer now owns 158,468 shares of the company’s stock, valued at approximately $4,893,491.84. This represents a 2.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the sale, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. This trade represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,157 shares of company stock worth $600,010. 7.11% of the stock is owned by corporate insiders.

About Pinterest

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.