Central Pacific Bank Trust Division Buys 12,200 Shares of Pinterest, Inc. $PINS

Key Points

• Central Pacific Bank Trust Division increased its holdings in Pinterest, Inc. by 20.5% during the second quarter, acquiring an additional 12,200 shares, bringing its total to 71,668 shares worth approximately $2.57 million.
• Pinterest reported $0.33 earnings per share for its last quarter, missing estimates, while revenues rose 16.9% year-over-year to $998.23 million.
• A majority of analysts give Pinterest a consensus rating of "Moderate Buy", with target prices ranging between $40.00 and $50.00, indicating positive sentiment towards the stock.

Central Pacific Bank Trust Division lifted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 20.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,668 shares of the company's stock after purchasing an additional 12,200 shares during the period. Central Pacific Bank Trust Division's holdings in Pinterest were worth $2,570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PINS. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. bought a new stake in shares of Pinterest during the 1st quarter worth approximately $26,000. NBC Securities Inc. raised its stake in shares of Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust bought a new stake in shares of Pinterest during the 1st quarter worth approximately $32,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Pinterest by 665.4% during the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after purchasing an additional 1,058 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Pinterest Price Performance

PINS stock opened at $35.04 on Friday. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.46 and a beta of 0.77. The business's fifty day moving average price is $36.68 and its two-hundred day moving average price is $33.12. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. Research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. KeyCorp upped their price objective on Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. UBS Group boosted their target price on Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised Pinterest from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $40.00 in a report on Tuesday, June 3rd. Susquehanna reissued a "positive" rating and set a $42.00 target price on shares of Pinterest in a report on Friday, August 8th. Finally, Barclays boosted their target price on Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $34.82, for a total transaction of $3,554,530.06. Following the transaction, the director owned 8,414 shares in the company, valued at $292,975.48. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 1,088,005 shares of company stock worth $39,037,739. 7.06% of the stock is 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.

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