MIG Capital LLC Purchases New Position in Pinterest, Inc. $PINS

Key Points

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MIG Capital LLC bought a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,358 shares of the company's stock, valued at approximately $631,000.

Several other large investors have also recently added to or reduced their stakes in PINS. Riverpark Capital Management LLC increased its position in Pinterest by 1.2% during the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock worth $987,000 after buying an additional 377 shares in the last quarter. Redwood Investment Management LLC increased its position in Pinterest by 3.2% during the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after buying an additional 495 shares in the last quarter. NorthRock Partners LLC increased its position in Pinterest by 4.7% during the first quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock worth $349,000 after buying an additional 502 shares in the last quarter. Brooklyn Investment Group increased its position in Pinterest by 8.9% during the first quarter. Brooklyn Investment Group now owns 6,743 shares of the company's stock worth $209,000 after buying an additional 552 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in Pinterest by 22.2% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 3,300 shares of the company's stock worth $102,000 after buying an additional 600 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Stock Performance

Shares of PINS traded up $0.6950 during trading hours on Friday, hitting $35.5650. The stock had a trading volume of 7,216,559 shares, compared to its average volume of 11,739,806. The firm has a market cap of $24.18 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.40 and a beta of 0.78. The company's fifty day simple moving average is $36.32 and its 200 day simple moving average is $33.29. 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 issued its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share 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 analysts' expectations of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The company's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on PINS. Wall Street Zen downgraded Pinterest from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. BMO Capital Markets dropped their price target on Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Benchmark raised their price objective on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Monness Crespi & Hardt raised their price objective on Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Bank of America raised their price objective on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a 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 stock. Based on data from MarketBeat, Pinterest presently has an average rating of "Moderate Buy" and an average target price of $42.40.

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total value of $3,390,176.43. Following the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 1,090,520 shares of company stock valued at $38,235,271. Company 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.