Generali Investments Towarzystwo Funduszy Inwestycyjnych Purchases New Holdings in Pinterest, Inc. (NYSE:PINS)

Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, Holdings Channel reports. The fund purchased 2,700 shares of the company’s stock, valued at approximately $78,000.

Other large investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of Pinterest in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC lifted its position in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after buying an additional 415 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after buying an additional 550 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after buying an additional 1,487 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after buying an additional 590 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PINS has been the subject of several research reports. Piper Sandler reissued a “neutral” rating and set a $41.00 price target (up from $36.00) on shares of Pinterest in a report on Friday, February 7th. Monness Crespi & Hardt upgraded Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, January 10th. Cantor Fitzgerald raised their price objective on Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. UBS Group lowered their price objective on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Robert W. Baird lowered their price objective on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.47.

Insider Activity

In other news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the sale, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,117 shares of company stock worth $253,056 over the last 90 days. Corporate insiders own 7.11% of the company’s stock.

Pinterest Stock Down 1.9 %

Shares of PINS opened at $36.20 on Friday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The stock has a market cap of $24.55 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.95 and a beta of 1.06. The business’s 50 day moving average price is $33.30 and its 200-day moving average price is $32.03.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 6th. The company reported $0.33 EPS 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%. On average, equities analysts anticipate that Pinterest, Inc. will post 0.6 EPS 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.