17,930 Shares in Pinterest, Inc. (NYSE:PINS) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 17,930 shares of the company’s stock, valued at approximately $520,000.

A number of other large investors have also bought and sold shares of the company. Brown Shipley& Co Ltd bought a new stake in shares of Pinterest in the second quarter valued at approximately $25,000. GAMMA Investing LLC raised its holdings in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Pinterest during the third quarter worth $37,000. Crewe Advisors LLC boosted its holdings in shares of Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after acquiring an additional 550 shares during the period. Finally, True Wealth Design LLC raised its stake in shares of Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after purchasing an additional 1,487 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PINS. Oppenheimer cut their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Piper Sandler lowered shares of Pinterest from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $41.00 to $36.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their target price on Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. TD Cowen began coverage on shares of Pinterest in a research note on Tuesday, November 26th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Roth Mkm cut their price target on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.46.

Pinterest Stock Up 1.2 %

Shares of PINS opened at $30.94 on Monday. The stock has a market capitalization of $20.91 billion, a P/E ratio of 103.14, a PEG ratio of 2.17 and a beta of 1.04. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The firm has a fifty day simple moving average of $30.70 and a two-hundred day simple moving average of $33.32.

Insider Activity

In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the transaction, the chief accounting officer now owns 158,468 shares of the company’s stock, valued at $4,893,491.84. This represents a 2.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the transaction, the director now directly owns 33,686 shares in the company, valued at $1,129,154.72. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,157 shares of company stock valued at $592,685. Insiders own 7.11% of the company’s stock.

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.