Semanteon Capital Management LP Acquires Shares of 28,181 Pinterest, Inc. (NYSE:PINS)

Semanteon Capital Management LP purchased a new stake in Pinterest, Inc. (NYSE:PINS) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 28,181 shares of the company’s stock, valued at approximately $1,044,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. ARK Investment Management LLC raised its stake in shares of Pinterest by 152.3% during the fourth quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock valued at $53,507,000 after purchasing an additional 872,016 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Pinterest by 57.9% in the fourth quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock worth $32,766,000 after purchasing an additional 323,547 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Pinterest by 3,402.0% in the 4th quarter. International Assets Investment Management LLC now owns 80,266 shares of the company’s stock valued at $2,973,000 after acquiring an additional 77,974 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Pinterest by 53.1% during the 3rd quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company’s stock worth $84,826,000 after buying an additional 1,089,299 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Pinterest by 55.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock worth $6,477,000 after purchasing an additional 62,117 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Trading Down 0.6 %

Shares of NYSE:PINS traded down $0.21 on Thursday, reaching $32.64. 17,084,716 shares of the company’s stock were exchanged, compared to its average volume of 9,510,697. Pinterest, Inc. has a twelve month low of $20.60 and a twelve month high of $41.60. The company has a fifty day moving average of $34.61 and a 200-day moving average of $34.15. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of -543.91, a PEG ratio of 4.53 and a beta of 0.99.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $981.26 million for the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeffrey D. Jordan sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $37.59, for a total value of $751,800.00. Following the completion of the transaction, the director now directly owns 74,215 shares in the company, valued at approximately $2,789,741.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey D. Jordan sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the sale, the director now directly owns 74,215 shares in the company, valued at $2,789,741.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,471 shares of company stock worth $6,525,231. Company insiders own 6.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PINS shares. Royal Bank of Canada upped their price target on Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Evercore ISI boosted their target price on Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of Pinterest in a research note on Friday, February 9th. Roth Mkm raised their price objective on shares of Pinterest from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $48.00 price objective on shares of Pinterest in a report on Tuesday, March 26th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and an average price target of $37.68.

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.