Jackson Creek Investment Advisors LLC Has $384,000 Stake in Pinterest, Inc. (NYSE:PINS)

Jackson Creek Investment Advisors LLC cut its stake in Pinterest, Inc. (NYSE:PINS) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,361 shares of the company’s stock after selling 1,350 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Pinterest were worth $384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of Pinterest during the 4th quarter valued at $27,000. Rakuten Securities Inc. purchased a new position in shares of Pinterest during the fourth quarter valued at approximately $30,000. Washington Trust Advisors Inc. boosted its position in shares of Pinterest by 46.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Pinterest in the fourth quarter worth $43,000. Finally, Blue Trust Inc. increased its position in Pinterest by 87.7% during the fourth quarter. Blue Trust Inc. now owns 1,192 shares of the company’s stock valued at $44,000 after acquiring an additional 557 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on PINS shares. BMO Capital Markets began coverage on Pinterest in a report on Tuesday, January 9th. They set an “outperform” rating and a $45.00 price objective on the stock. KeyCorp lowered their price target on Pinterest from $48.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price target on Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Stifel Nicolaus lifted their price objective on Pinterest from $26.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Finally, Roth Mkm boosted their price target on Pinterest from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.50.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following 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 is accessible through the SEC website. In related news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the completion of the transaction, the director now directly owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. Insiders sold a total of 184,471 shares of company stock valued at $6,525,231 over the last ninety days. Insiders own 7.11% of the company’s stock.

Pinterest Stock Down 0.9 %

NYSE PINS opened at $33.47 on Wednesday. The firm has a market cap of $22.72 billion, a P/E ratio of -557.66, a P/E/G ratio of 4.63 and a beta of 0.99. Pinterest, Inc. has a 52-week low of $20.60 and a 52-week high of $41.60. The business’s 50-day moving average price is $34.50 and its 200 day moving average price is $34.30.

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

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.