Benchstone Capital Management LP Acquires Shares of 597,270 Pinterest, Inc. $PINS

Key Points

• Benchstone Capital Management LP purchased 597,270 shares of Pinterest, Inc., valued at approximately $18.5 million, constituting about 2.0% of their portfolio.
• Several hedge funds increased their stakes in Pinterest during the 1st quarter, with Vanguard Group owning the largest share of over 58 million shares, valued at nearly $1.8 billion.
• JPMorgan Chase & Co. upgraded Pinterest from "neutral" to "overweight," raising the price target from $35 to $40, with numerous analysts currently rating the stock as a "Moderate Buy."

Benchstone Capital Management LP purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 597,270 shares of the company's stock, valued at approximately $18,515,000. Pinterest makes up approximately 2.0% of Benchstone Capital Management LP's portfolio, making the stock its 25th biggest position. Benchstone Capital Management LP owned about 0.09% of Pinterest as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PINS. Bartlett & CO. Wealth Management LLC bought a new position in shares of Pinterest during the first quarter valued at $25,000. Garde Capital Inc. bought a new stake in Pinterest in the 1st quarter worth about $26,000. NBC Securities Inc. increased its holdings in Pinterest by 99,900.0% in 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 stake in Pinterest in the 1st quarter worth about $32,000. Finally, Golden State Wealth Management LLC increased its holdings in Pinterest by 665.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after buying an additional 1,058 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PINS has been the subject of several research analyst reports. Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Tuesday. Bank of America lifted their price objective on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Cowen reissued a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Benchmark raised 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, Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $42.40.

Pinterest Price Performance

Shares of PINS stock traded down $0.00 during trading hours on Thursday, reaching $37.12. 6,109,756 shares of the company traded hands, compared to its average volume of 11,514,885. The firm has a 50-day moving average price of $36.59 and a 200 day moving average price of $33.21. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The company has a market cap of $25.24 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.47 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $973.42 million. During the same period last year, the business earned $0.29 earnings per share. The company's quarterly revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $36.03, for a total value of $3,678,050.49. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of Pinterest stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $34.96, for a total value of $131,414.64. Following the completion of the sale, the chief accounting officer directly owned 157,402 shares in the company, valued at approximately $5,502,773.92. The trade was a 2.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 992,196 shares of company stock worth $35,442,008. 7.11% of the stock is owned by insiders.

Pinterest 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.