Howe & Rusling Inc. Buys 10,276 Shares of Pinterest, Inc. $PINS

Key Points

• Howe & Rusling Inc. increased its stake in Pinterest by 6.3%, acquiring an additional 10,276 shares, bringing its total holdings to 174,329 shares valued at $5,404,000.
• Pinterest reported quarterly earnings of $0.33 EPS, missing expectations, but achieved revenues of $998.23 million, exceeding forecasts by analysts.
• Analysts generally have a Moderate Buy consensus rating on Pinterest, with a target price averaging $42.40, reflecting confidence in the company's future performance.

Howe & Rusling Inc. boosted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,329 shares of the company's stock after buying an additional 10,276 shares during the period. Howe & Rusling Inc.'s holdings in Pinterest were worth $5,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Riverpark Capital Management LLC increased its position in Pinterest by 1.2% during the 1st quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock valued at $987,000 after buying an additional 377 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Pinterest by 18.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company's stock valued at $96,000 after buying an additional 476 shares in the last quarter. Redwood Investment Management LLC increased its position in Pinterest by 3.2% during the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock valued at $463,000 after buying an additional 495 shares in the last quarter. NorthRock Partners LLC increased its position in Pinterest by 4.7% during the 1st quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock valued at $349,000 after buying an additional 502 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in Pinterest by 8.9% during the 1st quarter. Brooklyn Investment Group now owns 6,743 shares of the company's stock valued at $209,000 after buying an additional 552 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Pinterest Price Performance

PINS stock opened at $35.01 on Friday. The company has a market cap of $23.80 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 1.48 and a beta of 0.77. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The stock's fifty day moving average price is $36.70 and its 200-day moving average price is $33.13.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly 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). The firm 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% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. As a group, analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PINS shares. Barclays raised their price objective on Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a research note on Tuesday, September 2nd. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. TD Cowen increased their target price on Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upgraded Pinterest from a "neutral" rating to an "overweight" rating and increased their target price for the company from $35.00 to $40.00 in a research note on Tuesday, June 3rd. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Insider Activity

In other news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $34.82, for a total value of $3,554,530.06. Following the transaction, the director directly owned 8,414 shares in the company, valued at $292,975.48. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 1,088,005 shares of company stock valued at $39,037,739. Company insiders own 7.06% 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.

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