Maverick Capital Ltd. Trims Position in Pinterest, Inc. $PINS

Key Points

• Maverick Capital Ltd. drastically reduced its stake in Pinterest, Inc. by 98.5% in Q1, ending with only 23,081 shares valued at $716,000 after selling over 1.5 million shares.
• Several institutional investors have recently adjusted their positions in Pinterest, with significant percentage increases in holdings, indicating a possible renewed interest in the company.
• Pinterest's stock has been rated positively by various analysts, with price targets increased to as high as $50.00, reflecting a strong consensus rating of "Moderate Buy" among analysts.

Maverick Capital Ltd. lowered its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 98.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,081 shares of the company's stock after selling 1,555,808 shares during the quarter. Maverick Capital Ltd.'s holdings in Pinterest were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in Pinterest in the first quarter worth about $25,000. Garde Capital Inc. purchased a new stake in Pinterest in the first quarter worth about $26,000. NBC Securities Inc. grew its holdings in Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after purchasing an additional 999 shares during the period. American National Bank & Trust purchased a new stake in Pinterest in the first quarter worth about $32,000. Finally, Golden State Wealth Management LLC grew its holdings in Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after purchasing an additional 1,058 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Trading Up 2.1%

PINS stock traded up $0.77 during midday trading on Friday, reaching $37.89. 8,399,867 shares of the company's stock traded hands, compared to its average volume of 9,248,710. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The stock has a market cap of $25.77 billion, a P/E ratio of 13.58, a PEG ratio of 1.55 and a beta of 0.77. The stock's 50-day moving average is $36.66 and its 200 day moving average is $33.19.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on PINS. Stifel Nicolaus upped their target price on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Wells Fargo & Company set a $42.00 target price on shares of Pinterest and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Piper Sandler set a $40.00 target price on shares of Pinterest in a research note on Friday, August 8th. Citigroup restated a "buy" rating and set a $50.00 price objective (up previously from $44.00) on shares of Pinterest in a research report on Friday, August 8th. Finally, Cowen restated a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Pinterest presently has a consensus rating of "Moderate Buy" and an average target price of $42.40.

Insider Buying and Selling at Pinterest

In other Pinterest news, CTO Matthew Madrigal sold 20,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief technology officer directly owned 428,823 shares of the company's stock, valued at approximately $16,543,991.34. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $37.04, for a total transaction of $3,781,154.32. The disclosure for this sale can be found here. Insiders sold a total of 1,088,005 shares of company stock valued at $39,009,156 in the last ninety days. Corporate insiders own 7.06% of the company's stock.

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.