Gotham Asset Management LLC Buys 41,808 Shares of Pinterest, Inc. (NYSE:PINS)

Gotham Asset Management LLC lifted its stake in Pinterest, Inc. (NYSE:PINS) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,065 shares of the company’s stock after purchasing an additional 41,808 shares during the quarter. Gotham Asset Management LLC’s holdings in Pinterest were worth $7,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Focus Partners Wealth lifted its stake in shares of Pinterest by 1,622.9% in the fourth quarter. Focus Partners Wealth now owns 533,695 shares of the company’s stock worth $15,477,000 after buying an additional 502,718 shares in the last quarter. FORA Capital LLC bought a new position in Pinterest during the 4th quarter valued at about $708,000. Family Management Corp purchased a new stake in shares of Pinterest during the 4th quarter valued at about $2,134,000. Deutsche Bank AG grew its stake in shares of Pinterest by 39.8% in the fourth quarter. Deutsche Bank AG now owns 1,772,023 shares of the company’s stock worth $51,389,000 after acquiring an additional 504,882 shares during the period. Finally, EP Wealth Advisors LLC grew its stake in shares of Pinterest by 9.3% in the fourth quarter. EP Wealth Advisors LLC now owns 7,706 shares of the company’s stock worth $223,000 after acquiring an additional 656 shares during the period. Institutional investors own 88.81% of the company’s stock.

Pinterest Trading Up 12.3%

NYSE:PINS opened at $32.82 on Tuesday. The stock has a 50-day moving average price of $28.77 and a 200 day moving average price of $31.21. The stock has a market capitalization of $22.26 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $854.99 million for the quarter, compared to analysts’ expectations of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. On average, research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Pinterest

In other news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. This represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total transaction of $31,050.00. Following the completion of the sale, the director now owns 26,786 shares in the company, valued at $723,222. This represents a 4.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 453,836 shares of company stock worth $14,828,392. Insiders own 7.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PINS. KeyCorp raised their target price on shares of Pinterest from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler dropped their price target on Pinterest from $41.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Raymond James cut Pinterest from an “overweight” rating to a “market perform” rating in a research report on Monday, April 7th. Jefferies Financial Group reissued a “hold” rating and issued a $32.00 target price (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Finally, Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $47.00 in a research note on Friday, February 7th. Eight 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.27.

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.