Comerica Bank Buys 12,200 Shares of Pinterest, Inc. $PINS

Key Points

• Comerica Bank increased its stake in Pinterest, Inc. by 17.5%, acquiring an additional 12,200 shares, bringing its total to 81,729 shares valued at approximately $2.53 million.
• Pinterest reported a Q2 earnings per share (EPS) of $0.33, slightly missing the consensus estimate of $0.34, while revenue grew by 16.9% year-over-year to $998.23 million.
• Analyst ratings for Pinterest are largely positive, with an average target price of $42.40 and 25 analysts recommending a Buy rating.

Comerica Bank raised its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,729 shares of the company's stock after acquiring an additional 12,200 shares during the period. Comerica Bank's holdings in Pinterest were worth $2,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PINS. Janney Montgomery Scott LLC raised its stake in Pinterest by 73.9% during the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after acquiring an additional 37,829 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Pinterest in the first quarter valued at approximately $235,000. Concurrent Investment Advisors LLC acquired a new position in shares of Pinterest in the 1st quarter valued at $261,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Pinterest by 21.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after buying an additional 19,552 shares during the last quarter. Finally, Revolve Wealth Partners LLC bought a new position in Pinterest during the 4th quarter worth approximately $252,000. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Performance

PINS stock opened at $36.68 on Tuesday. The company has a market capitalization of $24.94 billion, a P/E ratio of 13.15, a PEG ratio of 1.47 and a beta of 0.77. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The company has a fifty day moving average price of $36.53 and a 200-day moving average price of $33.16.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same period in the prior year, the firm earned $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, sell-side analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $33.21, for a total value of $3,390,176.43. Following the completion of the sale, the director directly owned 8,414 shares of the company's stock, valued at approximately $279,428.94. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 1,094,279 shares of company stock worth $38,832,184 over the last 90 days. 7.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PINS. Oppenheimer reissued an "outperform" rating on shares of Pinterest in a research note on Friday, August 8th. Wells Fargo & Company set a $42.00 price target on Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wall Street Zen upgraded shares of Pinterest from a "hold" rating to a "buy" rating in a research note on Saturday. JPMorgan Chase & Co. raised Pinterest from a "neutral" rating to an "overweight" rating and raised their price target for the company from $35.00 to $40.00 in a report on Tuesday, June 3rd. Finally, Benchmark upped their target price on Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Pinterest presently has an average rating of "Moderate Buy" and an average price target 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.

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