Geneos Wealth Management Inc. Grows Position in Pinterest, Inc. $PINS

Geneos Wealth Management Inc. raised its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 139.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,400 shares of the company’s stock after buying an additional 1,980 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Pinterest were worth $105,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC acquired a new position in Pinterest in the first quarter valued at about $25,000. Garde Capital Inc. acquired a new position in Pinterest in the first quarter valued at about $26,000. NBC Securities Inc. lifted its position in shares of Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock worth $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Pinterest during the first quarter worth about $32,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Pinterest by 665.4% during the first 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 in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Price Performance

Shares of NYSE PINS opened at $36.48 on Thursday. The stock has a fifty day moving average price of $36.71 and a 200 day moving average price of $33.12. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The company has a market cap of $24.80 billion, a PE ratio of 13.08, a P/E/G ratio of 1.52 and a beta of 0.77.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, August 7th. The company reported $0.33 EPS 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 analyst estimates of $973.42 million. During the same period last year, the business posted $0.29 EPS. Pinterest’s revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Bank of America raised their target price on shares of Pinterest from $41.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 8th. Guggenheim reaffirmed a “buy” rating on shares of Pinterest in a report on Tuesday, September 2nd. Susquehanna reiterated a “positive” rating and issued a $42.00 price target on shares of Pinterest in a research note on Friday, August 8th. Finally, KeyCorp increased their price target on shares of Pinterest from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Twenty-five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $34.96, for a total transaction of $3,568,821.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Donnelly Julia Brau sold 29,606 shares of Pinterest stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total value of $1,014,005.50. Following the completion of the sale, the chief financial officer owned 362,890 shares of the company’s stock, valued at $12,428,982.50. This trade represents a 7.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 985,922 shares of company stock valued at $35,483,209 in the last ninety days. Corporate insiders own 7.06% of the company’s stock.

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.