Vident Advisory LLC Decreases Position in Pinterest, Inc. $PINS

Key Points

• Vident Advisory LLC reduced its stake in Pinterest by 16.8%, now holding 81,338 shares worth approximately $2.52 million.
• Pinterest's recent quarterly earnings report revealed a net revenue of $998.23 million, exceeding analyst expectations of $973.42 million.
• Twenty-five analysts have rated Pinterest with a Buy rating, with the average price target set at $42.40.

Vident Advisory LLC lowered its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 16.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,338 shares of the company's stock after selling 16,433 shares during the period. Vident Advisory LLC's holdings in Pinterest were worth $2,521,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in Pinterest by 73.9% during the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock valued at $2,760,000 after purchasing an additional 37,829 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Pinterest during the first quarter valued at about $235,000. Concurrent Investment Advisors LLC bought a new stake in Pinterest during the first quarter valued at about $261,000. Wealth Enhancement Advisory Services LLC grew its holdings in Pinterest by 21.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock valued at $3,478,000 after purchasing an additional 19,552 shares during the period. Finally, Revolve Wealth Partners LLC bought a new stake in Pinterest during the fourth quarter valued at about $252,000. Institutional investors own 88.81% of the company's stock.

Insider Transactions at Pinterest

In related news, CAO Andrea Acosta sold 3,759 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $34.96, for a total value of $131,414.64. Following the sale, the chief accounting officer directly owned 157,402 shares in the company, valued at approximately $5,502,773.92. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Matthew Madrigal sold 20,000 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $38.58, for a total value of $771,600.00. Following the completion of the sale, the chief technology officer owned 428,823 shares in the company, valued at $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 have sold a total of 1,088,005 shares of company stock valued at $39,009,156 over the last three months. Corporate insiders own 7.06% of the company's stock.

Pinterest Trading Up 2.1%

Shares of NYSE:PINS traded up $0.77 during mid-day trading on Friday, reaching $37.89. The stock had a trading volume of 8,385,516 shares, compared to its average volume of 11,495,051. The company has a market cap of $25.77 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.49 and a beta of 0.77. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The business's 50 day moving average price is $36.63 and its 200 day moving average price is $33.20.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates 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%.Pinterest's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. Analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PINS has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a report on Friday, August 8th. Sanford C. Bernstein boosted their price target on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Morgan Stanley raised Pinterest from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $37.00 to $45.00 in a report on Monday, July 21st. Citigroup reissued a "buy" rating and set a $50.00 price target (up previously from $44.00) on shares of Pinterest in a report on Friday, August 8th. Finally, Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Thursday, May 15th. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Pinterest presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest 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.