IQ EQ FUND MANAGEMENT IRELAND Ltd Raises Stock Position in Pinterest, Inc. $PINS

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Pinterest, Inc. (NYSE:PINSFree Report) by 114.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,964 shares of the company’s stock after buying an additional 123,900 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Pinterest were worth $7,462,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Snowden Capital Advisors LLC increased its stake in Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after acquiring an additional 296 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Pinterest by 10.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock worth $115,000 after purchasing an additional 300 shares during the period. EP Wealth Advisors LLC increased its position in shares of Pinterest by 3.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after purchasing an additional 358 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its holdings in Pinterest by 3.6% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock valued at $369,000 after buying an additional 359 shares during the period. Finally, Dynamic Wealth Strategies LLC lifted its position in Pinterest by 5.8% in the second quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock worth $237,000 after buying an additional 361 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PINS shares. Barclays reduced their target price on shares of Pinterest from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Bank of America cut their price target on shares of Pinterest from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Rosenblatt Securities reissued a “neutral” rating and issued a $30.00 price objective (down previously from $49.00) on shares of Pinterest in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Pinterest in a research report on Monday, December 29th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $33.00 price target (down from $35.00) on shares of Pinterest in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.13.

Get Our Latest Research Report on Pinterest

Insider Activity

In other Pinterest news, insider Wanjiku Juanita Walcott sold 74,047 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the transaction, the insider owned 301,214 shares of the company’s stock, valued at approximately $8,099,644.46. This trade represents a 19.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the completion of the sale, the chief financial officer owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. This represents a 4.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 107,454 shares of company stock worth $2,847,049. Company insiders own 7.06% of the company’s stock.

Pinterest Stock Down 2.7%

Shares of NYSE:PINS opened at $19.33 on Friday. Pinterest, Inc. has a 52-week low of $19.20 and a 52-week high of $40.90. The stock has a market cap of $13.06 billion, a P/E ratio of 6.71, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. The business’s 50 day moving average is $25.64 and its 200 day moving average is $30.78.

Pinterest (NYSE:PINSGet Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

Pinterest Company Profile

(Free Report)

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

Featured Stories

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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