Linden Thomas Advisory Services LLC Purchases 3,229 Shares of Pinterest, Inc. (NYSE:PINS)

Linden Thomas Advisory Services LLC raised its stake in Pinterest, Inc. (NYSE:PINS) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,340 shares of the company’s stock after acquiring an additional 3,229 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Pinterest were worth $1,272,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new position in Pinterest in the 4th quarter valued at about $30,000. Washington Trust Advisors Inc. raised its holdings in Pinterest by 46.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after acquiring an additional 326 shares during the period. Blue Trust Inc. grew its position in shares of Pinterest by 87.7% during the 4th quarter. Blue Trust Inc. now owns 1,192 shares of the company’s stock worth $44,000 after purchasing an additional 557 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Pinterest by 396.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,300 shares of the company’s stock worth $48,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Clear Street Markets LLC acquired a new position in shares of Pinterest during the 3rd quarter worth approximately $41,000. 88.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Roth Mkm increased their target price on shares of Pinterest from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Susquehanna raised their target price on shares of Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Piper Sandler restated an “overweight” rating and issued a $48.00 target price on shares of Pinterest in a research report on Tuesday, March 26th. Argus upgraded shares of Pinterest from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday, January 18th. Finally, KeyCorp dropped their price target on shares of Pinterest from $48.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.68.

Pinterest Price Performance

Shares of NYSE PINS opened at $32.85 on Thursday. The stock has a market capitalization of $22.30 billion, a P/E ratio of -547.41, a P/E/G ratio of 4.53 and a beta of 0.99. The company has a 50-day moving average price of $34.68 and a 200-day moving average price of $34.16. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. The business had revenue of $981.26 million for the quarter, compared to analysts’ expectations of $988.62 million. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now directly owns 31,646 shares in the company, valued at $1,055,077.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now directly owns 31,646 shares in the company, valued at $1,055,077.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the transaction, the chief financial officer now owns 392,829 shares in the company, valued at $13,521,174.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,471 shares of company stock worth $6,525,231. 6.85% of the stock is owned by insiders.

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.