Monimus Capital Management LP Purchases Shares of 55,833 Pinterest, Inc. (NYSE:PINS)

Monimus Capital Management LP bought a new position in shares of Pinterest, Inc. (NYSE:PINS) during the fourth quarter, Holdings Channel.com reports. The firm bought 55,833 shares of the company’s stock, valued at approximately $1,619,000. Pinterest accounts for approximately 1.5% of Monimus Capital Management LP’s holdings, making the stock its 26th largest holding.

A number of other large investors also recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its position in shares of 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 purchasing an additional 339 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of 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 buying an additional 342 shares during the last quarter. Ethos Financial Group LLC raised its stake in shares of Pinterest by 3.1% during the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock worth $342,000 after buying an additional 350 shares during the last quarter. Amalgamated Bank raised its stake in shares of Pinterest by 0.9% during the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock worth $1,154,000 after buying an additional 372 shares during the last quarter. Finally, Commerce Bank raised its stake in shares of Pinterest by 3.3% during the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after buying an additional 378 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Trading Up 2.5 %

PINS opened at $31.92 on Friday. The company’s 50 day moving average is $34.34 and its 200-day moving average is $32.27. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The company has a market cap of $21.65 billion, a P/E ratio of 11.87, a PEG ratio of 1.95 and a beta of 1.02.

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

Insider Activity

In other Pinterest news, Director Jeremy S. Levine sold 50,535 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.98, for a total transaction of $1,717,179.30. Following the sale, the director now directly owns 1,156,693 shares of the company’s stock, valued at $39,304,428.14. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now directly owns 254,211 shares in the company, valued at $8,350,831.35. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,879 shares of company stock worth $3,653,577. Corporate insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PINS. Royal Bank of Canada boosted their price target on shares of Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Oppenheimer upped their target price on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Benchmark raised shares of Pinterest from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, February 7th. Cantor Fitzgerald upped 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. Finally, Wedbush upped their target price on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Eight research 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, the company 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.