OLD National Bancorp IN Acquires 16,582 Shares of Pinterest, Inc. $PINS

Key Points

• OLD National Bancorp IN increased its stake in Pinterest, Inc. by 3.6%, acquiring an additional 16,582 shares, bringing its total ownership to 472,949 shares valued at approximately $16.96 million.
• In the most recent earnings report, Pinterest reported $0.33 EPS, missing expectations by $0.01, but achieved a revenue of $998.23 million, surpassing forecasts.
• Several analysts have issued new price targets for Pinterest, with Citigroup raising its target to $50. Currently, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.63.

OLD National Bancorp IN raised its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 472,949 shares of the company's stock after purchasing an additional 16,582 shares during the quarter. OLD National Bancorp IN owned 0.07% of Pinterest worth $16,960,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PINS. Revolve Wealth Partners LLC bought a new stake in shares of Pinterest during the fourth quarter worth $252,000. GAMMA Investing LLC lifted its position in shares of Pinterest by 6,326.2% during the first quarter. GAMMA Investing LLC now owns 68,696 shares of the company's stock worth $2,216,000 after purchasing an additional 67,627 shares during the last quarter. NBC Securities Inc. lifted its position in shares of Pinterest by 99,900.0% during 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 last quarter. Merit Financial Group LLC lifted its position in shares of Pinterest by 231.6% during the first quarter. Merit Financial Group LLC now owns 41,469 shares of the company's stock worth $1,286,000 after purchasing an additional 28,962 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Pinterest by 44.5% during the first 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 during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Trading Up 0.0%

Shares of NYSE:PINS opened at $31.91 on Friday. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The company has a market capitalization of $21.70 billion, a PE ratio of 11.44, a PEG ratio of 1.34 and a beta of 0.81. The business has a 50 day moving average of $35.94 and a two-hundred day moving average of $33.16.

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

Analysts Set New Price Targets

Several analysts recently weighed in on PINS shares. Citigroup restated a "buy" rating and issued a $50.00 price objective (up from $44.00) on shares of Pinterest in a report on Friday, August 8th. Cowen reiterated a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. UBS Group upped their target price on Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Monness Crespi & Hardt upped their target price on Pinterest from $40.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Sanford C. Bernstein upped their target price on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Pinterest has an average rating of "Moderate Buy" and a consensus target price of $42.63.

Insider Activity at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total transaction of $795,311.85. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $34.96, for a total value of $3,568,821.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 967,635 shares of company stock valued at $34,866,344. Corporate insiders own 7.06% 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.

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