Panagora Asset Management Inc. Buys 363,811 Shares of Pinterest, Inc. $PINS

Key Points

• Panagora Asset Management Inc. increased its stake in Pinterest, Inc. by 17.7%, acquiring 363,811 shares during the first quarter, bringing its total holdings to approximately $74.87 million.
• In recent earnings, Pinterest reported $0.33 earnings per share, missing the consensus estimate, while revenues were up 16.9% year-over-year at $998.23 million.
• Analysts have raised their price targets for Pinterest, with the average target now at $42.40 and a general rating of "Moderate Buy" from 25 analysts.

Panagora Asset Management Inc. boosted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 17.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,415,009 shares of the company's stock after buying an additional 363,811 shares during the period. Panagora Asset Management Inc. owned approximately 0.36% of Pinterest worth $74,865,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new stake in shares of Pinterest in the fourth quarter valued at approximately $252,000. Dimensional Fund Advisors LP raised its holdings in shares of Pinterest by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,754,338 shares of the company's stock valued at $50,878,000 after purchasing an additional 144,498 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Pinterest by 8.3% in the fourth quarter. Northern Trust Corp now owns 4,144,886 shares of the company's stock valued at $120,202,000 after purchasing an additional 317,414 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in Pinterest by 82.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 82,406 shares of the company's stock worth $2,390,000 after buying an additional 37,333 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in Pinterest during the fourth quarter worth $447,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PINS. Wedbush boosted their target price on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets lowered their target price on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Oppenheimer restated an "outperform" rating on shares of Pinterest in a report on Friday, August 8th. Cowen restated a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Finally, KeyCorp boosted their target price on shares of Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.40.

Pinterest Stock Down 0.1%

Shares of Pinterest stock traded down $0.05 during trading on Thursday, reaching $37.08. The company's stock had a trading volume of 2,582,309 shares, compared to its average volume of 11,506,135. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The business's 50-day moving average price is $36.59 and its 200-day moving average price is $33.21. The firm has a market cap of $25.21 billion, a PE ratio of 13.30, a P/E/G ratio of 1.47 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data 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). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. During the same period in the prior year, the company earned $0.29 EPS. The company'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. Equities analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In related news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total transaction of $40,250.00. Following the completion of the sale, the director owned 30,600 shares of the company's stock, valued at $1,071,000. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $36.03, for a total transaction of $3,678,050.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 992,196 shares of company stock worth $35,442,008. 7.11% of the stock is owned by company insiders.

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.