8,675 Shares in Pinterest, Inc. (NYSE:PINS) Purchased by Clare Market Investments LLC

Clare Market Investments LLC purchased a new position in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,675 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors also recently modified their holdings of the business. Independent Advisor Alliance increased its stake in shares of Pinterest by 26.3% in the 4th quarter. Independent Advisor Alliance now owns 10,916 shares of the company’s stock worth $317,000 after acquiring an additional 2,274 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Pinterest by 2.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 65,496 shares of the company’s stock valued at $1,900,000 after purchasing an additional 1,335 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Pinterest by 167.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 331,899 shares of the company’s stock valued at $9,625,000 after purchasing an additional 207,917 shares in the last quarter. AlphaQuest LLC increased its stake in Pinterest by 223.7% during the 4th quarter. AlphaQuest LLC now owns 31,706 shares of the company’s stock valued at $919,000 after purchasing an additional 21,910 shares in the last quarter. Finally, Amundi increased its stake in Pinterest by 19.4% during the 4th quarter. Amundi now owns 1,982,783 shares of the company’s stock valued at $61,209,000 after purchasing an additional 322,560 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Price Performance

PINS opened at $31.85 on Tuesday. The firm has a market cap of $21.60 billion, a P/E ratio of 11.84, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The company has a 50 day simple moving average of $34.18 and a two-hundred day simple moving average of $32.27.

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 return on equity of 8.10% and a net margin of 51.07%. Equities analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jeremy S. Levine sold 50,535 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 1,156,693 shares in the company, valued at approximately $39,304,428.14. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the company’s stock in a transaction 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 transaction, the insider now owns 254,211 shares of the company’s stock, valued at approximately $8,350,831.35. This represents a 2.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,879 shares of company stock worth $3,653,577 over the last three months. 7.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of analyst reports. Guggenheim raised their price objective on shares of Pinterest from $33.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Rosenblatt Securities raised their price objective on shares of Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Benchmark upgraded shares of Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Friday, February 7th. KeyCorp raised their price objective on shares of Pinterest from $37.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Pinterest 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 company. According to MarketBeat.com, Pinterest has a consensus rating of “Moderate Buy” and an average price target of $43.47.

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.