Entropy Technologies LP Invests $3.99 Million in Pinterest, Inc. $PINS

Entropy Technologies LP bought a new position in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 153,904 shares of the company’s stock, valued at approximately $3,985,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Snowden Capital Advisors LLC lifted its position in shares of 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 purchasing an additional 296 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after purchasing an additional 358 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Pinterest by 0.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 464 shares during the last quarter. Simon Quick Advisors LLC lifted its position in shares of Pinterest by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after purchasing an additional 535 shares during the last quarter. Finally, Coyle Financial Counsel LLC lifted its position in shares of Pinterest by 5.8% during the third quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock worth $322,000 after purchasing an additional 551 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $21.78, for a total value of $1,020,937.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the transaction, the director owned 27,450 shares in the company, valued at $549,000. This trade represents a 7.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 124,237 shares of company stock worth $2,604,190 over the last quarter. Insiders own 8.09% of the company’s stock.

Pinterest Stock Performance

PINS stock opened at $20.28 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The business has a 50-day moving average price of $19.98 and a 200 day moving average price of $21.61. The company has a market capitalization of $11.36 billion, a P/E ratio of 42.25, a PEG ratio of 1.09 and a beta of 0.92. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

PINS has been the subject of several research analyst reports. TD Cowen lifted their target price on Pinterest from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Stifel Nicolaus lifted their target price on Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Citigroup lifted their target price on Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Piper Sandler restated a “neutral” rating and issued a $26.00 price objective (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their price objective on Pinterest from $17.00 to $23.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Pinterest presently has an average rating of “Hold” and an average target price of $27.40.

Pinterest Company Profile

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.