HighTower Advisors LLC Sells 8,714 Shares of Pinterest, Inc. $PINS

Key Points

• HighTower Advisors LLC has reduced its stake in Pinterest by 15.2%, selling 8,714 shares and holding 48,716 shares valued at approximately $1.51 million.
• Several analysts have raised their price targets for Pinterest, with UBS Group setting a new target at $50.00, while the consensus target price is $42.40.
• Pinterest reported a quarterly revenue of $998.23 million and earnings per share of $0.33, missing expectations, though revenue increased by 16.9% year-over-year.

HighTower Advisors LLC lessened its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 15.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,716 shares of the company's stock after selling 8,714 shares during the period. HighTower Advisors LLC's holdings in Pinterest were worth $1,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PINS. Vanguard Group Inc. grew its holdings in Pinterest by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock worth $1,798,270,000 after acquiring an additional 1,263,863 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Pinterest by 49.7% during the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock valued at $395,441,000 after purchasing an additional 4,527,902 shares in the last quarter. Ninety One UK Ltd boosted its position in shares of Pinterest by 10.2% during the 1st quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock valued at $186,848,000 after purchasing an additional 555,742 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Pinterest by 3.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,793,534 shares of the company's stock valued at $179,600,000 after purchasing an additional 205,879 shares in the last quarter. Finally, Eminence Capital LP boosted its holdings in shares of Pinterest by 6.4% during the 4th quarter. Eminence Capital LP now owns 5,651,051 shares of the company's stock worth $163,880,000 after buying an additional 341,318 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Up 0.5%

Shares of Pinterest stock traded up $0.17 during trading on Wednesday, hitting $36.23. 7,147,694 shares of the stock traded hands, compared to its average volume of 11,930,980. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The firm's fifty day moving average is $36.39 and its 200-day moving average is $33.30. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.45 and a beta of 0.78.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data 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 net margin of 49.31% and a return on equity of 8.44%. The company had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. During the same period last year, the business posted $0.29 earnings per share. The firm'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, analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Andrea Acosta sold 3,759 shares of Pinterest stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $34.96, for a total transaction of $131,414.64. Following the sale, the chief accounting officer directly owned 157,402 shares in the company, valued at $5,502,773.92. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total transaction of $40,250.00. Following the sale, the director owned 30,600 shares in the company, valued at approximately $1,071,000. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 992,196 shares of company stock valued at $35,154,134 over the last ninety days. Corporate insiders own 7.06% of the company's stock.

Analyst Upgrades and Downgrades

PINS has been the topic of a number of research analyst reports. Monness Crespi & Hardt increased their price objective on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Bank of America lifted their target price on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Guggenheim restated a "buy" rating on shares of Pinterest in a research note on Monday, July 28th. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price on the stock in a report on Thursday, May 15th. Finally, UBS Group boosted their price objective on Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Twenty-five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.