Focus Partners Advisor Solutions LLC Takes Position in Pinterest, Inc. $PINS

Key Points

• Focus Partners Advisor Solutions LLC invested approximately $607,000 in Pinterest, acquiring 19,583 shares of the stock during the 1st quarter of the year.
• Multiple brokerages have upgraded their ratings for Pinterest, with Citigroup setting a target price of $50.00, and the overall consensus rating being a "Moderate Buy" at an average target price of $42.40.
• Pinterest reported quarterly earnings of $0.33 per share, falling slightly short of estimates, but showed a year-over-year revenue increase of 16.9%.

Focus Partners Advisor Solutions LLC bought a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,583 shares of the company's stock, valued at approximately $607,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Pinterest by 2.2% during the first quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock valued at $1,798,270,000 after buying an additional 1,263,863 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Pinterest by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock valued at $988,662,000 after buying an additional 6,460,143 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Pinterest by 13.7% during the first quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company's stock valued at $480,452,000 after buying an additional 1,862,654 shares during the last quarter. Ninety One UK Ltd raised its stake in Pinterest by 10.2% during the first quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock valued at $186,848,000 after buying an additional 555,742 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Pinterest by 3.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,793,534 shares of the company's stock valued at $179,600,000 after buying an additional 205,879 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PINS. Piper Sandler set a $40.00 price target on Pinterest in a research note on Friday, August 8th. Wells Fargo & Company set a $42.00 price objective on Pinterest and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Citigroup reiterated a "buy" rating and set a $50.00 price objective (up previously from $44.00) on shares of Pinterest in a research report on Friday, August 8th. Susquehanna reiterated a "positive" rating and set a $42.00 price objective on shares of Pinterest in a research report on Friday, August 8th. Finally, Sanford C. Bernstein upped their price objective on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest Stock Up 2.1%

PINS traded up $0.77 during midday trading on Friday, reaching $37.89. The company had a trading volume of 8,399,867 shares, compared to its average volume of 7,795,035. The business has a 50-day moving average of $36.66 and a two-hundred day moving average of $33.11. The company has a market cap of $25.77 billion, a P/E ratio of 71.58, a P/E/G ratio of 1.59 and a beta of 0.77. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90.

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

Insiders Place Their Bets

In related news, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $38.58, for a total transaction of $771,600.00. Following the completion of the sale, the chief technology officer owned 428,823 shares in the company, valued at approximately $16,543,991.34. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $34.96, for a total value of $131,414.64. Following the sale, the chief accounting officer owned 157,402 shares of the company's stock, valued at $5,502,773.92. This represents a 2.33% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,088,005 shares of company stock worth $39,009,156. Company insiders own 7.11% of the company's stock.

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.