8,024 Shares in Pinterest, Inc. $PINS Purchased by Kaufman Rossin Wealth LLC

Key Points

• Kaufman Rossin Wealth LLC acquired 8,024 shares of Pinterest, Inc. valued at approximately $249,000 during the first quarter.
• Pinterest's stock is currently trading at around $35.49, with a market capitalization of $24.13 billion and a 12-month price range between $23.68 and $40.90.
• Recent earnings reported a net revenue of $998.23 million for the quarter, surpassing consensus estimates, with an EPS of $0.33, slightly below analyst expectations.

Kaufman Rossin Wealth LLC purchased a new position in Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,024 shares of the company's stock, valued at approximately $249,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of Pinterest by 73.9% in the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after purchasing an additional 37,829 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Pinterest in the first quarter worth $235,000. Concurrent Investment Advisors LLC bought a new position in shares of Pinterest in the first quarter worth $261,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Pinterest by 21.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after purchasing an additional 19,552 shares in the last quarter. Finally, Revolve Wealth Partners LLC bought a new position in shares of Pinterest in the fourth quarter worth $252,000. Institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Guggenheim reissued a "buy" rating on shares of Pinterest in a research note on Monday, July 28th. Monness Crespi & Hardt raised their target price on Pinterest from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Sanford C. Bernstein raised their target price on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Barclays raised their target price on Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Finally, Susquehanna reaffirmed a "positive" rating and set a $42.00 target price on shares of Pinterest in a research note on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.40.

Pinterest Stock Performance

Shares of NYSE:PINS traded up $0.6950 during midday trading on Friday, reaching $35.5650. The company had a trading volume of 7,216,559 shares, compared to its average volume of 11,739,806. The company has a fifty day simple moving average of $36.32 and a two-hundred day simple moving average of $33.29. The firm has a market cap of $24.18 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.43 and a beta of 0.78. 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 posted its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 8.44% and a net margin of 49.31%.Pinterest's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. Analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In other Pinterest news, CTO Matthew Madrigal sold 20,000 shares of the business's 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 sale, the chief technology officer owned 428,823 shares in the company, valued at approximately $16,543,991.34. The trade was a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,510 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $35.68, for a total value of $410,676.80. Following the sale, the insider owned 390,230 shares in the company, valued at approximately $13,923,406.40. The trade was a 2.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,090,520 shares of company stock worth $38,235,271 in the last quarter. 7.06% of the stock is currently owned by corporate insiders.

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.