Comerica Bank Sells 545,637 Shares of Pinterest, Inc. $PINS

Key Points

• Comerica Bank cut its Pinterest stake by 73.8%, selling 545,637 shares and leaving 193,210 shares valued at about $5.0 million, signaling a large institutional trim during the quarter.
• Multiple law firms have announced or encouraged participation in a securities‑class action over alleged misstatements about advertising revenue and ad capabilities, creating a notable legal overhang that could pressure sentiment and valuation.
• Analysts’ consensus is a "Hold" with an average target of $25.40; Pinterest recently missed EPS by $0.01 (reported $0.67 vs. $0.68) and the stock trades near $20 with a $13.44 billion market cap.

Comerica Bank lowered its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 73.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,210 shares of the company's stock after selling 545,637 shares during the period. Comerica Bank's holdings in Pinterest were worth $5,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Pinterest by 30.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,036,157 shares of the company's stock worth $33,333,000 after acquiring an additional 241,527 shares during the last quarter. Peak Retirement Planning Inc. bought a new position in Pinterest in the 3rd quarter worth about $1,850,000. Allspring Global Investments Holdings LLC increased its stake in Pinterest by 15.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 835,179 shares of the company's stock worth $26,600,000 after acquiring an additional 110,089 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in Pinterest by 50,133.2% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 255,687 shares of the company's stock worth $8,225,000 after acquiring an additional 255,178 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Pinterest by 302.0% in the 3rd quarter. SG Americas Securities LLC now owns 133,193 shares of the company's stock worth $4,285,000 after acquiring an additional 100,063 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Insider Activity at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the sale, the director owned 27,450 shares in the company, valued at approximately $549,000. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Malik Ducard sold 2,293 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $22.06, for a total value of $50,583.58. Following the completion of the sale, the insider owned 695,187 shares of the company's stock, valued at approximately $15,335,825.22. This trade represents a 0.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,443 shares of company stock valued at $113,584. Company insiders own 8.09% of the company's stock.

Pinterest Price Performance

Shares of PINS stock opened at $20.21 on Friday. The stock has a market capitalization of $13.44 billion, a PE ratio of 33.13, a P/E/G ratio of 1.32 and a beta of 0.93. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The business has a 50-day moving average of $18.77 and a 200 day moving average of $23.64.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company's revenue was up 14.3% compared to the same quarter last year. Analysts anticipate that Pinterest, Inc. will post 0.64 EPS for the current year.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Benchmark trimmed its price target slightly (from $34 to $33) but maintained a "buy" rating, signaling continued analyst conviction in upside if Pinterest can execute on monetization. Benchmark lowed price target
• Neutral Sentiment: Analysts and press are parsing Pinterest’s move into AI shopping tools and connected‑TV (CTV) ads — coverage argues these initiatives could support revenue growth but also raise costs and execution risk; RBC Capital left a hold rating and other research shows only modest changes to fair‑value estimates. AI shopping and CTV ads analysis RBC hold
• Negative Sentiment: Multiple law firms have announced or encouraged participation in a securities‑class action against Pinterest (class period: Feb. 7, 2025–Feb. 12, 2026) with a May 29, 2026 lead‑plaintiff deadline; complaints allege material misstatements/omissions about advertising revenues, ad capabilities and tariff impacts — this cluster of litigation notices increases legal overhang and could pressure sentiment and valuation depending on developments. Representative filings/alerts: Pomerantz (complaint filed) Pomerantz filing, Glancy Prongay Wolke & Rotter Glancy notice, and Kessler Topaz Kessler Topaz alert.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PINS. Argus lowered Pinterest from a "buy" rating to a "hold" rating in a research note on Monday, March 2nd. HSBC lowered Pinterest from a "buy" rating to a "hold" rating and set a $24.90 target price on the stock. in a research note on Friday, January 30th. Piper Sandler restated a "neutral" rating and issued a $21.00 target price (down from $33.00) on shares of Pinterest in a research note on Friday, February 13th. Benchmark decreased their target price on Pinterest from $34.00 to $33.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Cantor Fitzgerald set a $18.00 price objective on Pinterest in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.40.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate "Pins" — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company's primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

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