CreativeOne Wealth LLC Invests $268,000 in Pinterest, Inc. $PINS

Key Points

• CreativeOne Wealth LLC made a new investment in Pinterest, acquiring 8,647 shares valued at approximately $268,000.
• Several institutional investors increasing their stakes in Pinterest indicate strong institutional support, with 88.81% of the stock now owned by such investors.
• Analysts have shown optimism about Pinterest's growth, with upgrades and price target increases leading to a consensus rating of "Moderate Buy" and a target price of $42.40.

CreativeOne Wealth LLC purchased a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,647 shares of the company's stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PINS. Bartlett & CO. Wealth Management LLC purchased a new stake in Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. purchased a new stake in Pinterest during the 1st quarter worth approximately $26,000. NBC Securities Inc. increased its holdings in 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 during the last quarter. American National Bank & Trust purchased a new stake in Pinterest during the 1st quarter worth approximately $32,000. Finally, Golden State Wealth Management LLC increased its holdings in 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 during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Stock Performance

NYSE:PINS traded up $0.77 during trading hours on Friday, hitting $37.89. 8,399,867 shares of the company's stock traded hands, compared to its average volume of 9,248,710. The firm has a market cap of $25.77 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.55 and a beta of 0.77. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90. The stock's fifty day moving average price is $36.66 and its two-hundred day moving average price is $33.19.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $998.23 million for the quarter, compared to analyst estimates of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $37.95, for a total value of $3,874,049.85. Following the transaction, the director directly owned 8,414 shares of the company's stock, valued at $319,311.30. This represents a 92.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 1,088,005 shares of company stock worth $39,009,156 over the last quarter. 7.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PINS. Wedbush lifted their price objective on Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. TD Cowen boosted their price target on Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Morgan Stanley upgraded Pinterest from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $37.00 to $45.00 in a report on Monday, July 21st. Piper Sandler set a $40.00 price target on Pinterest in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Pinterest from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, 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.