Neuberger Berman Group LLC Reduces Stake in Pinterest, Inc. $PINS

Key Points

• Neuberger Berman Group LLC reduced its holdings in Pinterest, Inc. by 30.7%, now owning 166,276 shares valued at approximately $5.15 million.
• Analyst ratings for Pinterest show a consensus of "Moderate Buy" with an average price target of $42.40, indicating potential growth.
• Director Benjamin Silbermann sold 102,083 shares of Pinterest, marking a significant decrease in his holdings, which reflects broader insider selling trends totaling over 1 million shares in the last 90 days.

Neuberger Berman Group LLC decreased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 30.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,276 shares of the company's stock after selling 73,638 shares during the period. Neuberger Berman Group LLC's holdings in Pinterest were worth $5,155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverpark Capital Management LLC grew its position in shares of Pinterest by 1.2% in the 1st quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock worth $987,000 after buying an additional 377 shares during the period. Redwood Investment Management LLC lifted its stake in shares of Pinterest by 3.2% in the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after purchasing an additional 495 shares during the period. NorthRock Partners LLC lifted its stake in shares of Pinterest by 4.7% in the 1st quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock worth $349,000 after purchasing an additional 502 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in Pinterest by 22.2% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 3,300 shares of the company's stock worth $102,000 after acquiring an additional 600 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in Pinterest by 9.3% during the 4th quarter. EP Wealth Advisors LLC now owns 7,706 shares of the company's stock valued at $223,000 after buying an additional 656 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Buying and Selling

In other news, CFO Donnelly Julia Brau sold 29,606 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the completion of the transaction, the chief financial officer directly owned 362,890 shares in the company, valued at approximately $12,428,982.50. This represents a 7.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $38.58, for a total value of $771,600.00. Following the transaction, the chief technology officer 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 disclosure for this sale can be found here. Insiders sold 991,046 shares of company stock worth $34,745,961 over the last quarter. Corporate insiders own 7.06% of the company's stock.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of analyst reports. Benchmark raised their price target on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Bank of America lifted their price objective on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a report on Thursday, May 15th. Sanford C. Bernstein lifted their target price on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company set a $42.00 price target on Pinterest and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Twenty-five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Price Performance

NYSE PINS traded up $0.2650 during mid-day trading on Wednesday, hitting $35.4850. The stock had a trading volume of 7,273,092 shares, compared to its average volume of 11,742,628. The firm's 50 day moving average is $36.27 and its 200 day moving average is $33.27. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90. The stock has a market capitalization of $24.13 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.74 and a beta of 0.78.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same period in the prior year, the company posted $0.29 earnings per share. The firm'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, equities research analysts expect that Pinterest, Inc. will post 0.6 earnings per share 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.