IQ EQ FUND MANAGEMENT IRELAND Ltd Has $1.67 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stock position in Pinterest, Inc. by 37.5%, now holding 53,699 shares valued at approximately $1.67 million.
• Pinterest's stock has a market capitalization of $26.49 billion and its shares opened at $39.06, with a 52-week range between $23.68 and $40.90.
• Analysts generally rate Pinterest favorably, with 23 out of 28 giving it a "buy" rating, and various firms projecting price targets ranging from $40.00 to $46.00.

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 37.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,699 shares of the company's stock after purchasing an additional 14,659 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Pinterest were worth $1,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC acquired a new position in Pinterest during the first quarter worth $25,000. Garde Capital Inc. bought a new position in Pinterest in the 1st quarter valued at approximately $26,000. NBC Securities Inc. raised its position in Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after purchasing an additional 999 shares during the last quarter. American National Bank & Trust bought a new stake in shares of Pinterest in the 1st quarter valued at $32,000. Finally, Golden State Wealth Management LLC lifted its stake in Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after buying an additional 1,058 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Pinterest Price Performance

PINS traded up $0.12 during trading hours on Thursday, hitting $39.22. 24,896,756 shares of the stock were exchanged, compared to its average volume of 8,675,242. The stock has a market cap of $26.60 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The stock has a 50-day simple moving average of $35.93 and a 200-day simple moving average of $33.10.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The business had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. Pinterest had a net margin of 50.41% and a return on equity of 8.13%. Pinterest's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. Sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 408,332 shares of Pinterest stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total value of $13,540,289.12. Following the transaction, the director directly owned 6,274 shares in the company, valued at $208,045.84. The trade was a 98.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 1,502,611 shares of company stock worth $51,602,943 over the last quarter. 7.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PINS shares. Wedbush boosted their target price on shares of Pinterest from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. The Goldman Sachs Group decreased their target price on Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. BMO Capital Markets dropped their target price on Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, May 9th. UBS Group lifted their price target on shares of Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Monday, July 28th. Five research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, Pinterest presently has a consensus rating of "Moderate Buy" and an average target price of $41.48.

Pinterest Company 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.