Impax Asset Management Group plc Purchases 22,403 Shares of Pinterest, Inc. (NYSE:PINS)

Impax Asset Management Group plc increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 44.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,840 shares of the company’s stock after purchasing an additional 22,403 shares during the quarter. Impax Asset Management Group plc’s holdings in Pinterest were worth $2,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in Pinterest by 5.2% during the third quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock worth $205,000 after acquiring an additional 313 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Pinterest by 3.7% during the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock worth $304,000 after acquiring an additional 339 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after acquiring an additional 342 shares in the last quarter. Commerce Bank raised its stake in Pinterest by 3.3% during the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after acquiring an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after buying an additional 415 shares during the period. Institutional investors own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. This represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the sale, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,117 shares of company stock valued at $253,056. 7.11% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on PINS shares. Rosenblatt Securities upped 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 price objective on Pinterest in a research note on Monday, February 3rd. Raymond James upped their price objective on Pinterest from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Sanford C. Bernstein raised Pinterest from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $47.00 in a research note on Friday, February 7th. Finally, Roth Mkm lowered their price objective on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.47.

Pinterest Stock Down 0.7 %

Shares of PINS opened at $36.69 on Wednesday. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The business’s fifty day moving average is $33.05 and its 200 day moving average is $31.94. The stock has a market cap of $24.89 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.95 and a beta of 1.06.

Pinterest (NYSE:PINS) last released its quarterly earnings results 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%. On average, analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

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.