Advisors Asset Management Inc. Has $10.90 Million Position in Pinterest, Inc. $PINS

Key Points

• Advisors Asset Management Inc. reduced its stake in Pinterest by 19.0%, now holding 351,526 shares worth approximately $10.9 million.
• Pinterest's latest earnings report showed a 0.33 EPS, which missed analysts' estimates while revenues increased by 16.9% year-over-year to $998.23 million.
• Multiple analysts have upgraded their target prices for Pinterest, with KeyCorp and Monness Crespi & Hardt now targeting $45.00 and $46.00 respectively, reflecting a consensus "Moderate Buy" rating.

Advisors Asset Management Inc. reduced its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 19.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,526 shares of the company's stock after selling 82,501 shares during the quarter. Advisors Asset Management Inc. owned 0.05% of Pinterest worth $10,897,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PINS. Amundi raised its position in Pinterest by 618.9% during the first quarter. Amundi now owns 14,254,741 shares of the company's stock worth $441,897,000 after acquiring an additional 12,271,958 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Pinterest by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock worth $988,662,000 after acquiring an additional 6,460,143 shares in the last quarter. Contour Asset Management LLC bought a new stake in Pinterest during the fourth quarter worth $86,330,000. Shapiro Capital Management LLC bought a new stake in Pinterest during the fourth quarter worth $84,190,000. Finally, Pacer Advisors Inc. raised its position in Pinterest by 4,673.9% during the first quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company's stock worth $78,484,000 after acquiring an additional 2,478,708 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on PINS. Oppenheimer reaffirmed an "outperform" rating on shares of Pinterest in a research report on Friday, August 8th. TD Cowen increased their price objective on shares of Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Thursday, May 15th. Morgan Stanley raised shares of Pinterest from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $37.00 to $45.00 in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Twenty-five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Pinterest presently has an average rating of "Moderate Buy" and an average target price of $42.40.

Pinterest Stock Performance

NYSE:PINS traded up $0.77 during mid-day trading on Friday, reaching $37.89. 8,399,867 shares of the company's stock were exchanged, compared to its average volume of 9,248,710. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The firm has a market capitalization of $25.77 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.77. The business's fifty day simple moving average is $36.66 and its two-hundred day simple moving average is $33.19.

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

Insider Buying and Selling

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $37.95, for a total transaction of $3,874,049.85. Following the transaction, the director directly owned 8,414 shares of the company's stock, valued at approximately $319,311.30. This trade represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,088,005 shares of company stock worth $39,009,156 over the last 90 days. 7.06% of the stock is currently owned by company 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.