V Square Quantitative Management LLC Has $50,000 Stock Holdings in Pinterest, Inc. (NYSE:PINS)

V Square Quantitative Management LLC raised its position in shares of Pinterest, Inc. (NYSE:PINS) by 51.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,735 shares of the company’s stock after buying an additional 590 shares during the period. V Square Quantitative Management LLC’s holdings in Pinterest were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings 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 buying an additional 415 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after purchasing an additional 550 shares during the last quarter. True Wealth Design LLC grew its stake 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 valued at $49,000 after purchasing an additional 1,487 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Pinterest by 44.2% during the third quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock valued at $74,000 after purchasing an additional 703 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Pinterest during the third quarter valued at approximately $87,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the transaction, the insider now owns 246,921 shares in the company, valued at approximately $7,610,105.22. This represents a 4.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total transaction of $34,189.50. Following the completion of the transaction, the director now owns 32,536 shares in the company, valued at approximately $967,295.28. This trade represents a 3.41 % 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 valued at $589,131. 7.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PINS has been the topic of several research analyst reports. Roth Mkm decreased their price target on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Morgan Stanley increased their price target on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. KeyCorp increased their price target on shares of Pinterest from $37.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Piper Sandler reissued a “neutral” rating and set a $41.00 price target (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Finally, Benchmark raised shares of Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and an average target price of $43.86.

Pinterest Stock Down 0.3 %

Shares of NYSE:PINS opened at $38.96 on Tuesday. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The company’s fifty day simple moving average is $32.31 and its 200 day simple moving average is $31.60. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.72 and a beta of 1.06.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 9.20%. Research analysts expect that Pinterest, Inc. will post 0.59 earnings per share for the current fiscal 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.