8,956 Shares in Pinterest, Inc. $PINS Purchased by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC has purchased 8,956 shares of Pinterest, Inc. (NYSE:PINS), valued at approximately $278,000, according to its latest 13F filing.
• Pinterest has seen significant activity from institutional investors, with 88.81% of the stock currently held by these groups, including substantial increases in stakes from companies like Ameriprise Financial Inc. and Pacer Advisors Inc.
• Recent earnings reports indicate Pinterest's revenue grew by 16.9% year-over-year, although it missed EPS estimates slightly, reporting $0.33 against the expected $0.34.

Kovitz Investment Group Partners LLC purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,956 shares of the company's stock, valued at approximately $278,000.

Several other hedge funds have also bought and sold shares of PINS. Ameriprise Financial Inc. lifted its position in Pinterest by 49.7% during the fourth 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 during the last quarter. Contour Asset Management LLC bought a new stake in shares of Pinterest during the 4th quarter worth $86,330,000. Shapiro Capital Management LLC bought a new stake in shares of Pinterest during the 4th quarter worth $84,190,000. Pacer Advisors Inc. lifted its holdings in shares of Pinterest by 4,673.9% during the 1st quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company's stock worth $78,484,000 after acquiring an additional 2,478,708 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its stake in Pinterest by 12,207.2% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 2,023,062 shares of the company's stock worth $58,669,000 after purchasing an additional 2,006,624 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

NYSE:PINS traded up $0.18 during midday trading on Wednesday, reaching $36.24. 4,406,586 shares of the stock traded hands, compared to its average volume of 11,691,131. The company has a fifty day moving average of $36.36 and a 200 day moving average of $33.28. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The stock has a market capitalization of $24.64 billion, a P/E ratio of 12.98, a PEG ratio of 1.42 and a beta of 0.78.

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

Insider Buying and Selling

In other Pinterest news, CFO Donnelly Julia Brau sold 29,606 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the completion of the transaction, the chief financial officer owned 362,890 shares of the company's stock, valued at $12,428,982.50. This represents a 7.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $33.21, for a total value of $3,390,176.43. Following the transaction, the director owned 8,414 shares of the company's stock, valued at approximately $279,428.94. This represents a 92.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 992,196 shares of company stock valued at $35,154,134 in the last ninety days. 7.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PINS has been the subject of several research analyst reports. Wall Street Zen lowered Pinterest from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Morgan Stanley upgraded Pinterest from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $37.00 to $45.00 in a research report on Monday, July 21st. Susquehanna restated a "positive" rating and issued a $42.00 target price on shares of Pinterest in a research report on Friday, August 8th. Cowen restated a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Pinterest presently has a consensus rating of "Moderate Buy" and an average price target 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.