11,042 Shares in Pinterest, Inc. $PINS Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in Pinterest, Inc. (NYSE:PINS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,042 shares of the company’s stock, valued at approximately $396,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new stake in Pinterest in the first quarter worth about $25,000. Garde Capital Inc. purchased a new stake in shares of Pinterest during 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 valued at $31,000 after buying an additional 999 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of Pinterest during the first quarter valued at 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 valued at $38,000 after buying an additional 1,058 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Pinterest

In related news, CAO Andrea Acosta sold 3,759 shares of Pinterest stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total value of $131,414.64. Following the sale, the chief accounting officer owned 157,402 shares of the company’s stock, valued at approximately $5,502,773.92. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total transaction of $40,250.00. Following the completion of the sale, the director directly owned 30,600 shares in the company, valued at $1,071,000. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,069,710 shares of company stock worth $38,480,848 over the last 90 days. 7.11% of the stock is owned by insiders.

Pinterest Price Performance

Shares of NYSE PINS opened at $33.27 on Tuesday. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.41 and a beta of 0.77. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The firm’s 50 day simple moving average is $36.41 and its 200-day simple moving average is $33.16.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (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 company had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same period in the prior 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.

Analysts Set New Price Targets

PINS has been the subject of several analyst reports. Morgan Stanley raised shares of Pinterest from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $37.00 to $45.00 in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a research note on Friday. Barclays upped their price target on shares of Pinterest from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Guggenheim restated a “buy” rating on shares of Pinterest in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company set a $42.00 price target on shares of Pinterest and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Twenty-four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.38.

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.