3,299,884 Pinterest, Inc. $PINS Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Pinterest stake by 300.4% in the third quarter, acquiring 3.3 million additional shares for a total position of 4.4 million shares valued at approximately $83.1 million.
• Institutional investors own 88.81% of Pinterest, while insiders sold 691,827 shares worth about $14.7 million during the latest quarter, including sales by CFO Julia Donnelly and director Benjamin Silbermann under pre-arranged Rule 10b5-1 plans.
• Pinterest reported quarterly earnings of $0.43 per share and revenue of $1.18 billion, exceeding analyst estimates, with revenue up 18.2% year over year. Analysts’ average rating is “Hold,” with an average price target of $27.90 versus a share price of $21.97.

Assenagon Asset Management S.A. increased its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 300.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,398,316 shares of the company's stock after acquiring an additional 3,299,884 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.79% of Pinterest worth $83,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in Pinterest by 271.1% during the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company's stock worth $109,831,000 after acquiring an additional 4,375,000 shares in the last quarter. Amundi boosted its holdings in Pinterest by 38.3% in the first quarter. Amundi now owns 3,200,829 shares of the company's stock valued at $58,703,000 after purchasing an additional 885,927 shares during the period. Bank of America Corp DE boosted its holdings in Pinterest by 15.4% in the first quarter. Bank of America Corp DE now owns 5,848,116 shares of the company's stock valued at $107,254,000 after purchasing an additional 779,998 shares during the period. Pacer Advisors Inc. increased its holdings in Pinterest by 32.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,951,421 shares of the company's stock worth $76,412,000 after purchasing an additional 730,358 shares during the period. Finally, Boothe Investment Group Inc. acquired a new stake in Pinterest in the 1st quarter valued at about $11,856,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Transactions at Pinterest

In other news, CFO Julia Donnelly sold 59,096 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the completion of the transaction, the chief financial officer directly owned 817,409 shares of the company's stock, valued at approximately $19,192,763.32. This represents a 6.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 93,750 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $21.43, for a total value of $2,009,062.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 691,827 shares of company stock worth $14,708,582. Company insiders own 8.09% of the company's stock.

Pinterest Stock Performance

Shares of PINS opened at $21.97 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The stock has a market capitalization of $12.31 billion, a P/E ratio of 58.23, a P/E/G ratio of 1.49 and a beta of 0.90. The company's fifty day moving average is $20.96 and its two-hundred day moving average is $20.94. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $35.42.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. Pinterest's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, sell-side analysts predict that Pinterest, Inc. will post 0.58 earnings per share for the current year.

Key Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Analysts at Seeking Alpha remain constructive on Pinterest’s growth outlook, citing the acquisition of tvScientific to expand into connected-TV advertising, continued development of the Performance+ advertising platform, and longer-term AI infrastructure investments. The analysis also argues that Pinterest’s valuation is attractive relative to Snap, despite stronger financial and operating metrics. Pinterest: CTC Expansion, AI Infrastructure Expansion, And Repurchases Signal Value; Buy
• Positive Sentiment: A separate bullish analysis highlighted Pinterest’s “walled-garden” platform, growing Gen Z engagement, AI-powered discovery and shopping tools, asset-light business model, strong cash generation, and ongoing share repurchases as potential supports for profitable growth. Pinterest: Walled Garden And AI Growth Tailwinds, With Asset-Light Operations
• Neutral Sentiment: Pinterest entered into an amended five-year, $700 million credit facility, increasing available liquidity. The facility provides financial flexibility for operations and investment, although investors may also monitor any eventual borrowing costs or balance-sheet impact. Pinterest Expands Liquidity with New $700 Million Facility
• Neutral Sentiment: Pinterest said its trend forecasts were 88% accurate, offering evidence of the platform’s data and consumer-insight capabilities. However, the announcement has limited immediate earnings implications. Pinterest says its trend forecasts are 88% accurate
• Negative Sentiment: Zacks Research downgraded PINS from “Hold” to “Strong Sell” and modestly reduced its fiscal 2028 EPS estimate to $1.04 from $1.05, reinforcing concerns about the stock’s earnings outlook. Pinterest Registers a Bigger Fall Than the Market
• Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares worth approximately $1.01 million under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction reduces its signaling value, but the repeated sales may still weigh on sentiment. Pinterest Director Sells 46,875 Shares

Wall Street Analysts Forecast Growth

PINS has been the subject of several recent research reports. UBS Group lifted their price objective on Pinterest from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Rosenblatt Securities raised their target price on shares of Pinterest from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Pinterest from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Citigroup lifted their price target on shares of Pinterest from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 28th. Eighteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $27.90.

About Pinterest

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.

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