Pinterest, Inc. $PINS Shares Purchased by Long Focus Capital Management LLC

Key Points

• Long Focus Capital Management LLC increased its stake in Pinterest by 13.6%, holding over 1 million shares valued at approximately $31.9 million.
• Research analysts have generally given Pinterest a "buy" rating, with target price estimates ranging from $40.00 to $47.00, indicating positive market sentiment.
• Pinterest reported earnings of $0.33 per share in its latest quarter, which was slightly below analyst expectations, but revenue increased by 16.9% year-over-year.

Long Focus Capital Management LLC increased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 13.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,030,483 shares of the company's stock after purchasing an additional 123,000 shares during the quarter. Pinterest makes up about 1.1% of Long Focus Capital Management LLC's investment portfolio, making the stock its 19th largest holding. Long Focus Capital Management LLC owned about 0.15% of Pinterest worth $31,945,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Pinterest by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock worth $988,662,000 after purchasing an additional 6,460,143 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Pinterest by 49.7% in the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after acquiring an additional 4,527,902 shares during the period. Contour Asset Management LLC bought a new stake in shares of Pinterest in the fourth quarter worth $86,330,000. Shapiro Capital Management LLC bought a new stake in shares of Pinterest in the fourth quarter worth $84,190,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Pinterest by 4,673.9% in the first 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 period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Thursday, May 15th. Susquehanna reiterated a "positive" rating and issued a $42.00 target price on shares of Pinterest in a research report on Friday, August 8th. Wall Street Zen upgraded Pinterest from a "hold" rating to a "buy" rating in a research report on Saturday. Piper Sandler set a $40.00 target price on Pinterest in a research report on Friday, August 8th. Finally, Barclays boosted their target price on Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Twenty-five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Price Performance

Shares of PINS traded up $0.11 during mid-day trading on Tuesday, reaching $36.74. 6,367,485 shares of the company's stock traded hands, compared to its average volume of 11,602,545. The stock has a market cap of $24.98 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.47 and a beta of 0.77. The stock's 50-day moving average is $36.55 and its two-hundred day moving average is $33.19. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90.

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 the consensus estimate of $0.34 by ($0.01). The firm had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. Research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total transaction of $3,390,176.43. Following the sale, the director directly owned 8,414 shares of the company's stock, valued at approximately $279,428.94. This trade represents a 92.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 1,094,279 shares of company stock valued at $38,832,184. Company insiders own 7.11% of the company's stock.

About Pinterest

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.