Davis Investment Partners LLC Invests $704,000 in Pinterest, Inc. $PINS

Key Points

• Davis Investment Partners LLC has invested approximately $704,000 to acquire 19,732 shares of Pinterest, Inc. ($PINS) in the second quarter.
• Insider trading activity includes Director Benjamin Silbermann selling 102,083 shares for over $3.5 million, contributing to a total of 1,088,005 shares sold by insiders in the past three months.
• Recent analyst upgrades have positively affected Pinterest's stock, with target prices ranging from $42.00 to $50.00, leading to a consensus rating of "Moderate Buy".

Davis Investment Partners LLC bought a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 19,732 shares of the company's stock, valued at approximately $704,000.

Several other hedge funds have also recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC acquired a new position in Pinterest in the 4th quarter valued at $252,000. Baird Financial Group Inc. boosted its holdings in Pinterest by 18.3% during the 4th quarter. Baird Financial Group Inc. now owns 7,257 shares of the company's stock valued at $210,000 after acquiring an additional 1,124 shares during the period. Cetera Investment Advisers boosted its holdings in Pinterest by 41.5% during the 4th quarter. Cetera Investment Advisers now owns 85,980 shares of the company's stock valued at $2,493,000 after acquiring an additional 25,233 shares during the period. Janus Henderson Group PLC raised its position in Pinterest by 7.0% in the 4th quarter. Janus Henderson Group PLC now owns 43,640 shares of the company's stock valued at $1,265,000 after purchasing an additional 2,864 shares in the last quarter. Finally, NorthRock Partners LLC acquired a new stake in shares of Pinterest during the 4th quarter worth about $312,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $35.09, for a total value of $3,582,092.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Matthew Madrigal sold 20,000 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $38.58, for a total value of $771,600.00. Following the completion of the sale, the chief technology officer directly owned 428,823 shares of the company's stock, valued at $16,543,991.34. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,088,005 shares of company stock worth $39,037,739 over the last three months. 7.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PINS. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Sanford C. Bernstein lifted their target price on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. UBS Group lifted their price target on Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Cowen reaffirmed a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Finally, TD Cowen lifted their price objective on Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Twenty-five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest Trading Up 0.2%

Pinterest stock opened at $35.04 on Monday. The firm has a market capitalization of $23.82 billion, a P/E ratio of 12.56, a PEG ratio of 1.47 and a beta of 0.77. The stock has a fifty day moving average price of $36.68 and a 200 day moving average price of $33.08. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90.

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

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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