Dynamic Technology Lab Private Ltd Invests $1.09 Million in Pinterest, Inc. $PINS

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,265 shares of the company’s stock, valued at approximately $1,085,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of Pinterest by 243.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 69,446 shares of the company’s stock worth $2,490,000 after purchasing an additional 49,204 shares during the period. Renaissance Group LLC raised its position in Pinterest by 4.5% during the 2nd quarter. Renaissance Group LLC now owns 1,019,178 shares of the company’s stock valued at $36,548,000 after purchasing an additional 43,541 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Pinterest by 101.2% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 108,064 shares of the company’s stock worth $3,875,000 after buying an additional 54,365 shares during the period. Bank of Montreal Can lifted its holdings in Pinterest by 67.1% in the 2nd quarter. Bank of Montreal Can now owns 113,053 shares of the company’s stock worth $4,054,000 after buying an additional 45,402 shares during the period. Finally, Truist Financial Corp grew its position in shares of Pinterest by 15.6% in the 2nd quarter. Truist Financial Corp now owns 98,363 shares of the company’s stock worth $3,527,000 after buying an additional 13,267 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the completion of the transaction, the chief financial officer owned 312,422 shares in the company, valued at $10,887,906.70. The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total value of $3,558,613.38. The SEC filing for this sale provides additional information. Insiders sold a total of 607,291 shares of company stock worth $21,128,964 in the last three months. Insiders own 7.06% of the company’s stock.

Pinterest Price Performance

PINS opened at $24.93 on Friday. The firm has a market cap of $16.84 billion, a PE ratio of 8.66, a P/E/G ratio of 1.50 and a beta of 0.96. The stock has a 50-day moving average price of $31.51 and a 200-day moving average price of $33.80. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $665.93 million during the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PINS. The Goldman Sachs Group decreased their target price on Pinterest from $43.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 target price (down from $49.00) on shares of Pinterest in a research report on Wednesday, November 5th. BMO Capital Markets reduced their price target on shares of Pinterest from $41.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Mizuho assumed coverage on shares of Pinterest in a research note on Monday, September 29th. They issued an “outperform” rating and a $50.00 price target for the company. Finally, Stifel Nicolaus lifted their price objective on Pinterest from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and a consensus price target of $39.55.

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.