PDT Partners LLC Makes New Investment in Pinterest, Inc. (NYSE:PINS)

PDT Partners LLC acquired a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 15,417 shares of the company's stock, valued at approximately $447,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PINS. Whipplewood Advisors LLC acquired a new position in Pinterest in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC lifted its position in shares of 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. Strategic Investment Solutions Inc. IL boosted its stake in Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after acquiring an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after purchasing an additional 590 shares during the period. Finally, Huntington National Bank increased its stake in Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after purchasing an additional 1,680 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on PINS shares. UBS Group reduced their target price on Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Cantor Fitzgerald boosted their price objective on Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Piper Sandler reduced their price target on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Citigroup lowered their price objective on shares of Pinterest from $47.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, 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 report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.93.

Pinterest Stock Performance

PINS stock opened at $25.50 on Friday. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The stock has a fifty day moving average of $29.87 and a 200-day moving average of $31.43. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last issued its 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 predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.27, for a total transaction of $3,192,135.41. Following the completion of the transaction, the director now directly owns 6,274 shares in the company, valued at $196,187.98. The trade was a 94.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the transaction, the director now directly owns 29,086 shares in the company, valued at approximately $1,139,880.34. The trade was a 3.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 453,836 shares of company stock valued at $14,828,392 in the last 90 days. 7.11% of the stock is currently owned by company insiders.

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.

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