Kettle Hill Capital Management LLC Invests $6.11 Million in Pinterest, Inc. (NYSE:PINS)

Kettle Hill Capital Management LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the 4th quarter, Holdings Channel reports. The fund acquired 210,530 shares of the company’s stock, valued at approximately $6,105,000. Pinterest makes up 1.3% of Kettle Hill Capital Management LLC’s holdings, making the stock its 25th biggest holding.

A number of other hedge funds have also recently bought and sold shares of PINS. Whipplewood Advisors LLC purchased a new position in shares of Pinterest during the 4th quarter worth about $28,000. GAMMA Investing LLC raised its stake in 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 purchasing an additional 415 shares during the period. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Pinterest by 401.3% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock valued at $44,000 after purchasing an additional 1,204 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of Pinterest by 484.1% during the 4th quarter. Huntington National Bank now owns 2,027 shares of the company’s stock valued at $59,000 after buying an additional 1,680 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PINS shares. Monness Crespi & Hardt reduced their target price on Pinterest from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday. Morgan Stanley lifted their price objective on Pinterest from $28.00 to $37.00 and gave the company an “equal weight” rating in a research note on Friday. Benchmark dropped their target price on shares of Pinterest from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. The Goldman Sachs Group reduced their price target on shares of Pinterest from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Wedbush reissued an “outperform” rating and issued a $40.00 price objective (up previously from $38.00) on shares of Pinterest in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.27.

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 6,690 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the completion of the transaction, the insider now directly owns 254,211 shares of the company’s stock, valued at approximately $8,350,831.35. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the sale, the director now directly owns 29,086 shares in the company, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 453,836 shares of company stock valued at $14,828,392 over the last 90 days. 7.06% of the stock is owned by company insiders.

Pinterest Stock Performance

Shares of PINS stock opened at $29.23 on Friday. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The company’s 50-day simple moving average is $28.84 and its 200-day simple moving average is $31.21.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. During the same quarter in the previous year, the business posted $0.17 EPS. Pinterest’s revenue was up 15.5% compared to the same quarter last year. As a group, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current 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.