Sciencast Management LP Acquires New Holdings in Pinterest, Inc. (NYSE:PINS)

Sciencast Management LP acquired a new stake in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 13,931 shares of the company’s stock, valued at approximately $404,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its stake in Pinterest by 3.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after purchasing an additional 339 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock valued at $366,000 after acquiring an additional 342 shares during the last quarter. Ethos Financial Group LLC raised its stake in shares of Pinterest by 3.1% during the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock valued at $342,000 after acquiring an additional 350 shares during the last quarter. Amalgamated Bank raised its stake in shares of Pinterest by 0.9% during the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock valued at $1,154,000 after acquiring an additional 372 shares during the last quarter. Finally, Commerce Bank raised its stake in shares of Pinterest by 3.3% during the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock valued at $384,000 after acquiring an additional 378 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and raised their price target for the company from $34.00 to $47.00 in a research note on Friday, February 7th. Guggenheim raised their price target on shares of Pinterest from $33.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Oppenheimer raised their price target on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, January 10th. Finally, Raymond James increased their price objective on shares of Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.30.

Pinterest Price Performance

Shares of NYSE PINS opened at $32.45 on Friday. The stock has a market capitalization of $22.01 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.95 and a beta of 1.02. The company has a 50-day moving average price of $34.39 and a 200-day moving average price of $32.28. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (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%. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In other Pinterest news, Director Jeremy S. Levine sold 50,535 shares of Pinterest stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $33.98, for a total value of $1,717,179.30. Following the sale, the director now owns 1,156,693 shares of the company’s stock, valued at approximately $39,304,428.14. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the completion of the sale, the director now directly owns 6,274 shares in the company, valued at approximately $195,497.84. This represents a 94.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 207,812 shares of company stock valued at $6,798,857 over the last ninety days. Corporate insiders own 7.11% of the company’s stock.

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.