ExodusPoint Capital Management LP Acquires New Position in Pinterest, Inc. (NYSE:PINS)

ExodusPoint Capital Management LP bought a new position in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 98,054 shares of the company’s stock, valued at approximately $2,844,000.

Several other institutional investors also recently bought and sold shares of PINS. Leibman Financial Services Inc. lifted its holdings in shares of Pinterest by 102.2% during the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company’s stock worth $1,862,000 after acquiring an additional 32,464 shares during the period. Janney Capital Management LLC purchased a new position in Pinterest during the fourth quarter worth approximately $4,289,000. Jones Financial Companies Lllp raised its stake in Pinterest by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company’s stock worth $725,000 after purchasing an additional 11,925 shares during the period. Weiss Asset Management LP acquired a new position in shares of Pinterest in the 3rd quarter valued at $1,296,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Pinterest during the 4th quarter valued at $520,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PINS. The Goldman Sachs Group increased their target price on Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Cantor Fitzgerald raised their target price on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer upped their price target on shares of Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Finally, Barclays boosted their price target on Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and a consensus price target of $43.17.

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 completion of the sale, the director now directly owns 6,274 shares in the company, valued at $196,187.98. The trade was a 94.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeremy S. Levine sold 50,535 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $33.98, for a total value of $1,717,179.30. Following the completion of the transaction, the director now owns 1,156,693 shares in the company, valued at $39,304,428.14. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 453,836 shares of company stock valued at $14,832,336. 7.11% of the stock is owned by insiders.

Pinterest Trading Down 1.8 %

Shares of NYSE PINS opened at $25.31 on Tuesday. The firm has a market capitalization of $17.16 billion, a PE ratio of 9.41, a PEG ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The business has a 50-day moving average price of $34.23 and a two-hundred day moving average price of $32.38.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 EPS 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%. Research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

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.