Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in Pinterest, Inc. $PINS

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Pinterest by 9.6% in the second quarter, owning 220,538 shares valued at approximately $7.9 million.
• Institutional investors and hedge funds currently hold 88.81% of Pinterest's stock, indicating strong institutional interest in the company.
• Analysts have set a consensus target price of $42.63 for Pinterest, with most ratings leaning towards a Buy or Outperform.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 9.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 220,538 shares of the company's stock after buying an additional 19,291 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Pinterest were worth $7,908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PINS. Revolve Wealth Partners LLC purchased a new stake in Pinterest during the fourth quarter valued at about $252,000. GAMMA Investing LLC lifted its stake in shares of Pinterest by 6,326.2% in the 1st quarter. GAMMA Investing LLC now owns 68,696 shares of the company's stock valued at $2,216,000 after purchasing an additional 67,627 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Pinterest by 99,900.0% during the 1st 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. Hennion & Walsh Asset Management Inc. increased its position in Pinterest by 44.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 23,690 shares of the company's stock worth $734,000 after purchasing an additional 7,299 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Pinterest in the first quarter valued at approximately $208,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pinterest

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the company's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total value of $795,311.85. Following the sale, the chief financial officer directly owned 312,422 shares of the company's stock, valued at $10,887,906.70. This represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Andrea Acosta sold 3,759 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $34.96, for a total transaction of $131,414.64. Following the transaction, the chief accounting officer directly owned 157,402 shares of the company's stock, valued at approximately $5,502,773.92. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 967,635 shares of company stock worth $34,866,344 in the last ninety days. 7.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PINS shares. Wells Fargo & Company set a $42.00 price objective on shares of Pinterest and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Sanford C. Bernstein upped their price target on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Guggenheim reissued a "buy" rating on shares of Pinterest in a research report on Tuesday, September 2nd. Monness Crespi & Hardt boosted their price objective on Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Wedbush increased their target price on Pinterest from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.63.

Pinterest Stock Performance

Shares of NYSE PINS opened at $31.91 on Monday. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The stock's 50-day simple moving average is $35.94 and its 200-day simple moving average is $33.18. The firm has a market cap of $21.70 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.34 and a beta of 0.81.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share 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 analyst estimates of $973.42 million. During the same quarter last year, the business earned $0.29 EPS. Pinterest's revenue for the quarter was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

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.

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