Senvest Management LLC Takes Position in Pinterest, Inc. (NYSE:PINS)

Senvest Management LLC purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,557,780 shares of the company’s stock, valued at approximately $45,176,000. Pinterest comprises approximately 1.4% of Senvest Management LLC’s holdings, making the stock its 19th largest position. Senvest Management LLC owned approximately 0.23% of Pinterest as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PINS. Whipplewood Advisors LLC purchased a new stake in Pinterest during the 4th quarter valued at $28,000. GAMMA Investing LLC grew its stake in Pinterest by 63.5% in 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 in the last quarter. V Square Quantitative Management LLC grew its position in shares of Pinterest by 51.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after buying an additional 590 shares in the last quarter. Huntington National Bank increased its position in 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 purchasing an additional 1,680 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in Pinterest by 17,692.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company’s stock valued at $67,000 after buying an additional 2,300 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Pinterest Price Performance

Shares of PINS opened at $26.35 on Monday. The stock has a market cap of $17.87 billion, a PE ratio of 9.79, a P/E/G ratio of 1.95 and a beta of 0.99. The firm has a 50-day simple moving average of $33.42 and a two-hundred day simple moving average of $32.16. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year 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, sell-side analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PINS has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Cantor Fitzgerald lifted their target price on Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Rosenblatt Securities lifted their price objective on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. Finally, TD Cowen lowered their price target on Pinterest from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.23.

Insider Transactions at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.27, for a total transaction of $3,192,135.41. Following the sale, the director now owns 6,274 shares in the company, valued at approximately $196,187.98. The trade was a 94.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 453,836 shares of company stock valued at $14,832,336. 7.11% of the stock is currently owned by corporate 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.