7,000 Shares in Pinterest, Inc. (NYSE:PINS) Bought by One68 Global Capital LLC

One68 Global Capital LLC acquired a new position in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,000 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds have also recently bought and sold shares of PINS. Whipplewood Advisors LLC acquired a new stake in shares of Pinterest in the fourth quarter valued at about $28,000. GAMMA Investing LLC grew its position in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after buying an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after acquiring an additional 590 shares during the period. Finally, Huntington National Bank increased its stake in Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company’s stock valued at $59,000 after acquiring an additional 1,680 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PINS shares. Guggenheim restated a “buy” rating on shares of Pinterest in a research report on Tuesday, April 1st. Citigroup cut their target price on Pinterest from $47.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Sanford C. Bernstein raised Pinterest from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $34.00 to $47.00 in a research report on Friday, February 7th. Morgan Stanley dropped their target price on Pinterest from $42.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Finally, Barclays raised their price target on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.10.

Insider Activity at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total value of $3,180,906.28. Following the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at $195,497.84. The trade was a 94.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 453,836 shares of company stock valued at $14,828,392. Corporate insiders own 7.11% of the company’s stock.

Pinterest Stock Up 0.4 %

Shares of PINS stock opened at $26.27 on Wednesday. The firm has a market cap of $17.82 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. The business has a 50-day moving average price of $30.35 and a two-hundred day moving average price of $31.53. 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, February 6th. The company reported $0.33 earnings per share 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, research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Pinterest 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.