FORA Capital LLC Invests $708,000 in Pinterest, Inc. (NYSE:PINS)

FORA Capital LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,417 shares of the company’s stock, valued at approximately $708,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new position in shares of Pinterest during the fourth quarter worth about $28,000. GAMMA Investing LLC grew its position in Pinterest by 63.5% in the 4th 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 last quarter. Strategic Investment Solutions Inc. IL increased its stake in shares of Pinterest by 401.3% in the fourth 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 period. V Square Quantitative Management LLC raised its holdings in shares of 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 buying an additional 590 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company’s stock worth $59,000 after buying an additional 1,680 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Pinterest Trading Up 4.9 %

NYSE:PINS opened at $29.23 on Friday. The firm has a market capitalization of $19.82 billion, a PE ratio of 10.87, a PEG ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $45.19. The firm’s fifty day simple moving average is $28.84 and its 200 day simple moving average is $31.21.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on PINS shares. JPMorgan Chase & Co. lifted their target price on Pinterest from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday. Citigroup upped their price objective on shares of Pinterest from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Friday. Guggenheim lowered their target price on shares of Pinterest from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group reduced their price target on shares of Pinterest from $50.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Finally, Oppenheimer raised their price objective on shares of Pinterest from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Pinterest has a consensus rating of “Moderate Buy” and a consensus target price of $40.27.

Insider Transactions at Pinterest

In related news, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the transaction, the director now directly owns 29,086 shares of the company’s stock, 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. Over the last quarter, insiders have sold 453,836 shares of company stock worth $14,828,392. Insiders own 7.06% 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.