Estate Counselors LLC Purchases Shares of 119,875 Pinterest, Inc. $PINS

Key Points

• Estate Counselors LLC acquired 119,875 shares of Pinterest, valued at approximately $3,716,000, marking a new position in the company in the first quarter.
• Insider sales included CTO Matthew Madrigal selling 20,000 shares for $771,600, and Director Gokul Rajaram selling 1,150 shares, indicating a decrease in ownership for both.
• Analysts have adjusted ratings and price targets for Pinterest, with a consensus rating of "Moderate Buy" and a target price of $42.40.

Estate Counselors LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 119,875 shares of the company's stock, valued at approximately $3,716,000.

A number of other hedge funds also recently bought and sold shares of PINS. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. purchased a new position in Pinterest during the first quarter worth approximately $26,000. NBC Securities Inc. boosted its stake in Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after buying an additional 999 shares during the last quarter. American National Bank & Trust acquired a new position in Pinterest during the first quarter worth $32,000. Finally, Golden State Wealth Management LLC grew its holdings in Pinterest by 665.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after buying an additional 1,058 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total transaction of $3,390,176.43. Following the completion of the transaction, the director directly owned 8,414 shares of the company's stock, valued at $279,428.94. The trade was a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 1,090,520 shares of company stock valued at $38,235,271 in the last ninety days. Company insiders own 7.06% of the company's stock.

Pinterest Price Performance

Shares of PINS stock traded up $0.6950 during trading on Friday, reaching $35.5650. The company's stock had a trading volume of 7,216,559 shares, compared to its average volume of 11,739,806. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The stock's 50-day moving average price is $36.32 and its 200 day moving average price is $33.29. The company has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.43 and a beta of 0.78.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (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 business had revenue of $998.23 million for the quarter, compared to analyst estimates of $973.42 million. During the same quarter last year, the company earned $0.29 earnings per share. Pinterest's quarterly revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on PINS shares. Guggenheim reaffirmed a "buy" rating on shares of Pinterest in a research note on Monday, July 28th. Wedbush increased their price target on Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Wall Street Zen downgraded Pinterest from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and upped their target price for the company from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Finally, BMO Capital Markets lowered their target price on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. 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 an average rating of "Moderate Buy" and an average price target of $42.40.

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.