Pinterest, Inc. (NYSE:PINS) Stock Position Raised by Savant Capital LLC

Savant Capital LLC lifted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 47.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,094 shares of the company’s stock after acquiring an additional 4,827 shares during the quarter. Savant Capital LLC’s holdings in Pinterest were worth $438,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted 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 in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Pinterest in the third quarter worth $37,000. Crewe Advisors LLC boosted its position in shares of Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after buying an additional 550 shares during the period. True Wealth Design LLC boosted its position in shares of Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after buying an additional 1,487 shares during the period. Finally, Rakuten Securities Inc. boosted its position in shares of Pinterest by 44.2% in the third quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock worth $74,000 after buying an additional 703 shares during the period. 88.81% of the stock is owned by institutional investors.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the sale, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the sale, the insider now directly owns 246,921 shares in the company, valued at approximately $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,157 shares of company stock worth $589,131. Company insiders own 7.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on PINS shares. Piper Sandler reaffirmed a “neutral” rating and issued a $41.00 target price (up previously from $36.00) on shares of Pinterest in a research report on Friday, February 7th. Wells Fargo & Company raised their target price on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Rosenblatt Securities raised their target price on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Roth Mkm decreased their target price on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Royal Bank of Canada increased their price objective on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Pinterest Stock Performance

Pinterest stock opened at $38.96 on Monday. The business’s 50-day simple moving average is $32.19 and its 200-day simple moving average is $31.55. The firm has a market capitalization of $26.33 billion, a PE ratio of 14.48, a PEG ratio of 1.72 and a beta of 1.06. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

Pinterest (NYSE:PINS) last posted its quarterly earnings data 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 return on equity of 9.20% and a net margin of 51.07%. Research analysts forecast that Pinterest, Inc. will post 0.59 earnings per share for the current year.

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.