Pinterest, Inc. $PINS Position Lowered by Northern Right Capital Management L.P.

Key Points

• Northern Right Capital Management L.P. reduced its stake in Pinterest, Inc. by 28.1% in the first quarter, now holding approximately 5.2% of the company's shares.
• Several hedge funds made adjustments to their Pinterest positions, with new investments ranging from $25,000 to $32,000 in the first quarter.
• Equities analysts have raised their price targets for Pinterest, with a consensus rating of "Moderate Buy" and an average price target of $42.40.

Northern Right Capital Management L.P. trimmed its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 28.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 410,589 shares of the company's stock after selling 160,501 shares during the period. Pinterest accounts for about 5.2% of Northern Right Capital Management L.P.'s investment portfolio, making the stock its 10th largest position. Northern Right Capital Management L.P. owned about 0.06% of Pinterest worth $12,728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PINS. Bartlett & CO. Wealth Management LLC acquired a new stake in Pinterest in the first quarter worth approximately $25,000. Garde Capital Inc. acquired a new stake in shares of Pinterest during the first quarter worth about $26,000. NBC Securities Inc. grew its stake in Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust bought a new stake in Pinterest in the 1st quarter valued at $32,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Pinterest by 665.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after acquiring an additional 1,058 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Trading Up 1.0%

Shares of Pinterest stock traded up $0.38 on Wednesday, hitting $37.11. 4,578,998 shares of the company traded hands, compared to its average volume of 10,782,629. The stock's 50 day moving average price is $36.59 and its 200-day moving average price is $33.21. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The company has a market cap of $25.23 billion, a PE ratio of 69.11, a PEG ratio of 1.47 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share (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 business had revenue of $998.23 million for the quarter, compared to analysts' expectations of $973.42 million. During the same period in the previous year, the business earned $0.29 earnings per share. The business's quarterly revenue 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 anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PINS. BMO Capital Markets cut their price target on Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Wells Fargo & Company set a $42.00 price target on Pinterest and gave the company an "overweight" rating in a report on Tuesday, July 1st. Sanford C. Bernstein boosted their target price on shares of Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Benchmark increased their price objective on shares of Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Susquehanna reiterated a "positive" rating and issued a $42.00 price target on shares of Pinterest in a research note on Friday, August 8th. Twenty-five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Pinterest presently has an average rating of "Moderate Buy" and a consensus price target of $42.40.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $36.01, for a total value of $3,676,008.83. Following the completion of the transaction, the director owned 8,414 shares of the company's stock, valued at approximately $302,988.14. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Donnelly Julia Brau sold 29,606 shares of Pinterest stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total value of $1,014,005.50. Following the completion of the transaction, the chief financial officer owned 362,890 shares of the company's stock, valued at approximately $12,428,982.50. This represents a 7.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 992,196 shares of company stock valued at $35,442,008 over the last 90 days. 7.11% of the stock is currently owned by insiders.

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.