HighTower Advisors LLC Sells 8,714 Shares of Pinterest, Inc. $PINS

HighTower Advisors LLC lowered its position in shares of Pinterest, Inc. (NYSE:PINS) by 15.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,716 shares of the company’s stock after selling 8,714 shares during the quarter. HighTower Advisors LLC’s holdings in Pinterest were worth $1,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC bought a new position in shares of Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. bought a new position in shares of Pinterest during the 1st quarter worth approximately $26,000. NBC Securities Inc. lifted its position in shares of Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock worth $31,000 after buying an additional 999 shares in the last quarter. American National Bank & Trust bought a new position in shares of Pinterest during the 1st quarter worth approximately $32,000. Finally, Golden State Wealth Management LLC increased its stake in shares of Pinterest by 665.4% during the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company’s stock worth $38,000 after purchasing an additional 1,058 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PINS shares. Sanford C. Bernstein raised their price target on shares of Pinterest from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Cowen restated a “buy” rating on shares of Pinterest in a research note on Friday, August 8th. Susquehanna restated a “positive” rating and set a $42.00 price target on shares of Pinterest in a research note on Friday, August 8th. Wolfe Research upgraded shares of Pinterest from a “peer perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Thursday, May 15th. Finally, UBS Group raised their price target on shares of Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

Pinterest Trading Up 2.0%

Pinterest stock opened at $35.5650 on Monday. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.43 and a beta of 0.78. The firm has a 50 day simple moving average of $36.32 and a 200 day simple moving average of $33.29.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business had revenue of $998.23 million during the quarter, compared to analysts’ expectations of $973.42 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Insiders Place Their Bets

In related news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $33.21, for a total value of $3,390,176.43. Following the completion of the transaction, the director directly owned 8,414 shares in the company, valued at approximately $279,428.94. The trade was a 92.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 1,090,520 shares of company stock valued at $38,235,271. 7.11% of the stock is currently owned by insiders.

About Pinterest

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.