Sylebra Capital Ltd purchased a new position in shares of Pinterest (NASDAQ:PINS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 175,000 shares of the company’s stock, valued at approximately $4,764,000. Pinterest makes up approximately 0.2% of Sylebra Capital Ltd’s portfolio, making the stock its 23rd biggest position.
Other large investors have also recently made changes to their positions in the company. Quad Cities Investment Group LLC purchased a new stake in shares of Pinterest during the 2nd quarter worth approximately $27,000. Pathstone Family Office LLC purchased a new stake in Pinterest in the 2nd quarter valued at approximately $38,000. US Bancorp DE purchased a new stake in Pinterest in the 2nd quarter valued at approximately $50,000. Crewe Advisors LLC purchased a new stake in Pinterest in the 2nd quarter valued at approximately $54,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Pinterest in the 2nd quarter valued at approximately $57,000.
A number of equities research analysts recently issued reports on the company. Deutsche Bank raised Pinterest from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $40.00 in a research note on Friday, August 2nd. Nomura upped their target price on Pinterest from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. OTR Global assumed coverage on Pinterest in a research note on Thursday, July 25th. They issued a “mixed” rating on the stock. Wedbush upped their target price on Pinterest from $33.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, UBS Group increased their price target on Pinterest from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. Pinterest has a consensus rating of “Hold” and a consensus price target of $32.53.
Pinterest (NASDAQ:PINS) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $261.20 million for the quarter, compared to analysts’ expectations of $237.23 million. Pinterest’s revenue was up 62.0% on a year-over-year basis.
There is no company description available for Pinterest Inc
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