Algert Global LLC Lowers Holdings in Pinterest, Inc. $PINS

Key Points

• Algert Global LLC significantly reduced its stake in Pinterest, Inc. by 89.4%, leaving them with only 11,403 shares valued at $353,000 after selling 96,260 shares in the 1st quarter.
• Several other institutional investors, including Janney Montgomery Scott LLC and Sequoia Financial Advisors LLC, increased their holdings in Pinterest during the same period, highlighting a mixed sentiment among institutional investors.
• Analyst ratings are generally positive, with 25 analysts rating the stock as a "Buy" and a price target averaging $42.40, despite Pinterest's recent earnings miss and mixed performance metrics.

Algert Global LLC decreased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 89.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,403 shares of the company's stock after selling 96,260 shares during the quarter. Algert Global LLC's holdings in Pinterest were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Riverpark Capital Management LLC increased its stake in shares of Pinterest by 1.2% during the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock valued at $987,000 after buying an additional 377 shares during the period. Redwood Investment Management LLC increased its stake in shares of Pinterest by 3.2% during the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock valued at $463,000 after buying an additional 495 shares during the period. NorthRock Partners LLC increased its stake in shares of Pinterest by 4.7% during the first quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock valued at $349,000 after buying an additional 502 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in shares of Pinterest by 22.2% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 3,300 shares of the company's stock valued at $102,000 after buying an additional 600 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in shares of Pinterest by 9.3% during the fourth quarter. EP Wealth Advisors LLC now owns 7,706 shares of the company's stock valued at $223,000 after buying an additional 656 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $34.96, for a total value of $3,568,821.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total value of $40,250.00. Following the completion of the transaction, the director directly owned 30,600 shares of the company's stock, valued at $1,071,000. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 992,196 shares of company stock worth $35,154,134. 7.06% of the stock is owned by corporate insiders.

Pinterest Trading Up 0.5%

Shares of PINS stock traded up $0.17 on Wednesday, reaching $36.23. 7,147,694 shares of the company's stock were exchanged, compared to its average volume of 11,930,980. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The stock has a market capitalization of $24.63 billion, a PE ratio of 12.98, a P/E/G ratio of 1.45 and a beta of 0.78. The company's fifty day simple moving average is $36.39 and its 200 day simple moving average is $33.30.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million for the quarter, compared to analysts' expectations of $973.42 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. 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.

Wall Street Analyst Weigh In

PINS has been the topic of several analyst reports. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Susquehanna reaffirmed a "positive" rating and set a $42.00 price target on shares of Pinterest in a report on Friday, August 8th. Barclays upped their price target on Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. UBS Group upped their price target on Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Wedbush upped their price objective on Pinterest from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Twenty-five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.40.

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.