AMI Asset Management Corp Sells 68,019 Shares of Pinterest, Inc. $PINS

AMI Asset Management Corp lessened its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 5.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,134,004 shares of the company's stock after selling 68,019 shares during the period. Pinterest comprises approximately 2.3% of AMI Asset Management Corp's investment portfolio, making the stock its 24th largest holding. AMI Asset Management Corp owned 0.17% of Pinterest worth $40,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PINS. Bartlett & CO. Wealth Management LLC bought a new stake in Pinterest during the first quarter worth about $25,000. Garde Capital Inc. bought a new stake in Pinterest during the first quarter worth about $26,000. NBC Securities Inc. raised its holdings in Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after acquiring an additional 999 shares in the last quarter. West Branch Capital LLC bought a new stake in Pinterest during the second quarter worth about $36,000. Finally, Golden State Wealth Management LLC raised its holdings in Pinterest by 665.4% during 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 in the last quarter. Institutional investors own 88.81% of the company's stock.

Pinterest Price Performance

Shares of NYSE:PINS opened at $31.89 on Thursday. The company has a market capitalization of $21.68 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.35 and a beta of 0.81. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The business's 50 day simple moving average is $36.18 and its 200 day simple moving average is $33.15.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly 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 analyst estimates of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The company's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the sale, the chief financial officer directly owned 312,422 shares in the company, valued at $10,887,906.70. This represents a 6.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 967,627 shares of company stock worth $34,866,089. 7.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Sanford C. Bernstein upped their price objective on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Guggenheim restated a "buy" rating on shares of Pinterest in a research note on Tuesday, September 2nd. Bank of America upped their price objective on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Citigroup restated a "buy" rating and issued a $50.00 price objective (up previously from $44.00) on shares of Pinterest in a research note on Friday, August 8th. Finally, Barclays upped their price objective on Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Pinterest presently has an average rating of "Moderate Buy" and an average target price of $42.63.

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.

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