2,301,060 Shares in Pinterest, Inc. $PINS Acquired by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. acquired 2,301,060 shares of Pinterest, Inc. for approximately $82.5 million, representing a 0.34% stake in the company.
• Several institutional investors have increased their positions in Pinterest, leading to 88.81% of the company's stock now owned by such investors.
• Pinterest's recent earnings report showed a 16.9% year-over-year revenue growth, though it missed EPS estimates by $0.01.

Congress Asset Management Co. acquired a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,301,060 shares of the company's stock, valued at approximately $82,516,000. Congress Asset Management Co. owned about 0.34% of Pinterest as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Pinterest in the first quarter valued at $25,000. Garde Capital Inc. acquired a new position in Pinterest during the 1st quarter worth about $26,000. NBC Securities Inc. grew its holdings in 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 acquiring an additional 999 shares during the last quarter. American National Bank & Trust acquired a new stake in Pinterest in the 1st quarter valued at about $32,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after acquiring an additional 1,058 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Analyst Ratings Changes

PINS has been the topic of several research analyst reports. Citigroup reissued a "buy" rating and set a $50.00 price target (up from $44.00) on shares of Pinterest in a research note on Friday, August 8th. Sanford C. Bernstein upped their price objective on Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Wall Street Zen cut Pinterest from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Benchmark boosted their target price on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Susquehanna reiterated a "positive" rating and issued a $42.00 price target on shares of Pinterest in a report on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.38.

Insiders Place Their Bets

In related news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $34.96, for a total transaction of $3,568,821.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 1,069,710 shares of company stock worth $38,480,848. 7.06% of the stock is owned by company insiders.

Pinterest Trading Up 1.2%

NYSE PINS opened at $33.40 on Friday. The stock has a 50-day simple moving average of $36.58 and a 200 day simple moving average of $33.13. The company has a market capitalization of $22.71 billion, a PE ratio of 11.97, a P/E/G ratio of 1.38 and a beta of 0.77. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last issued its 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). The company had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.Pinterest's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.

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