Monimus Capital Management LP Purchases New Holdings in Pinterest, Inc. (NYSE:PINS)

Monimus Capital Management LP purchased a new stake in Pinterest, Inc. (NYSE:PINS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 55,833 shares of the company’s stock, valued at approximately $1,619,000. Pinterest accounts for about 1.5% of Monimus Capital Management LP’s portfolio, making the stock its 26th largest position.

Several other institutional investors have also recently added to or reduced their stakes in PINS. Atria Investments Inc increased its position in Pinterest by 4.0% during the 3rd quarter. Atria Investments Inc now owns 26,686 shares of the company’s stock worth $864,000 after purchasing an additional 1,034 shares during the period. Axxcess Wealth Management LLC increased its position in Pinterest by 9.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 6,965 shares of the company’s stock worth $225,000 after purchasing an additional 605 shares during the period. Victory Capital Management Inc. increased its position in Pinterest by 45.6% during the 3rd quarter. Victory Capital Management Inc. now owns 414,285 shares of the company’s stock worth $13,410,000 after purchasing an additional 129,676 shares during the period. Oppenheimer Asset Management Inc. increased its position in Pinterest by 6.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 46,783 shares of the company’s stock worth $1,514,000 after purchasing an additional 2,997 shares during the period. Finally, Plato Investment Management Ltd boosted its stake in shares of Pinterest by 79.8% during the 3rd quarter. Plato Investment Management Ltd now owns 26,833 shares of the company’s stock worth $868,000 after acquiring an additional 11,912 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Price Performance

Shares of PINS opened at $31.92 on Friday. The company has a market capitalization of $21.65 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The company’s fifty day moving average price is $34.34 and its 200 day moving average price is $32.27.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Transactions at Pinterest

In other news, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction dated Monday, February 24th. The shares were 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 in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,879 shares of company stock worth $3,653,577. 7.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PINS. Monness Crespi & Hardt raised Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, January 10th. The Goldman Sachs Group boosted their price target on Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. KeyCorp upped their target price on Pinterest from $37.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada upped their target price on Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and an average target price of $43.47.

Pinterest 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.