Janney Montgomery Scott LLC Increases Holdings in Pinterest, Inc. $PINS

Janney Montgomery Scott LLC boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 15.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,057 shares of the company's stock after buying an additional 14,023 shares during the quarter. Janney Montgomery Scott LLC's holdings in Pinterest were worth $3,696,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its stake in Pinterest by 16.5% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,623 shares of the company's stock valued at $94,000 after buying an additional 371 shares in the last quarter. Riverpark Capital Management LLC lifted its stake in Pinterest by 1.2% in 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 lifted its stake in Pinterest by 18.6% in 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. NorthRock Partners LLC lifted its stake in Pinterest by 4.7% in 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 lifted its stake in Pinterest by 8.9% in 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. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Activity

In other news, CTO Matthew Madrigal sold 20,000 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $38.58, for a total transaction of $771,600.00. Following the transaction, the chief technology officer directly owned 428,823 shares in the company, valued at $16,543,991.34. The trade was a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total transaction of $795,311.85. Following the completion of the sale, the chief financial officer directly owned 312,422 shares of the company's stock, valued at approximately $10,887,906.70. The trade was a 6.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 865,552 shares of company stock worth $31,242,397 in the last ninety days. Corporate insiders own 7.11% of the company's stock.

Pinterest Trading Down 2.0%

PINS opened at $31.39 on Wednesday. The business's 50 day moving average is $35.67 and its 200-day moving average is $33.16. The stock has a market cap of $21.34 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.34 and a beta of 0.81. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. Pinterest's revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PINS. Wall Street Zen downgraded Pinterest from a "buy" rating to a "hold" rating in a report on Saturday. Benchmark boosted their price target on Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Tuesday, September 2nd. Cowen reiterated a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Finally, Susquehanna restated a "positive" rating and set a $42.00 price objective on shares of Pinterest in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Pinterest presently has an average rating of "Moderate Buy" and an average target price of $42.63.

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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