Impax Asset Management Group plc Buys 10,437 Shares of Pinterest, Inc. (NYSE:PINS)

Impax Asset Management Group plc boosted its position in Pinterest, Inc. (NYSE:PINS) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,437 shares of the company’s stock after acquiring an additional 10,437 shares during the quarter. Impax Asset Management Group plc’s holdings in Pinterest were worth $1,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Brown Shipley& Co Ltd purchased a new position in shares of Pinterest during the 2nd quarter valued at about $25,000. Wellington Shields Capital Management LLC purchased a new position in shares of Pinterest during the second quarter worth approximately $26,000. Hexagon Capital Partners LLC lifted its holdings in shares of Pinterest by 157.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock worth $33,000 after acquiring an additional 459 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Pinterest by 113.4% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Pinterest during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

PINS has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Citigroup lowered their target price on Pinterest from $51.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Robert W. Baird reduced their price target on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Susquehanna decreased their price target on Pinterest from $50.00 to $45.00 and set a “positive” rating on the stock in a research note on Wednesday, July 31st. Finally, Evercore ISI dropped their price objective on Pinterest from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the transaction, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. The trade was a 9.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the sale, the director now owns 33,686 shares of the company’s stock, valued at approximately $1,129,154.72. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.11% of the company’s stock.

Pinterest Price Performance

NYSE:PINS opened at $28.24 on Friday. The firm has a market capitalization of $19.38 billion, a P/E ratio of 94.14, a PEG ratio of 2.29 and a beta of 1.02. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The company’s 50-day simple moving average is $31.71 and its 200 day simple moving average is $36.19.

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.