Pinterest, Inc. $PINS Shares Acquired by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments LLC increased its holdings in Pinterest by 11.8% during Q2, now owning approximately 0.06% of Pinterest valued at $15.29 million.
• Pinterest reported $998.23 million in revenue for its latest quarter, exceeding analyst estimates, while earnings per share were $0.33, slightly below expectations.
• Several brokerages have raised their target price for Pinterest shares, with UBS Group increasing their target to $50.00, and an overall consensus rating of "Moderate Buy" among analysts.

Zevenbergen Capital Investments LLC increased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 11.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 426,495 shares of the company's stock after acquiring an additional 44,970 shares during the quarter. Zevenbergen Capital Investments LLC owned approximately 0.06% of Pinterest worth $15,294,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Pinterest in the 1st quarter valued at $25,000. Garde Capital Inc. acquired a new position in shares of Pinterest in the 1st quarter valued at $26,000. NBC Securities Inc. increased its holdings in shares of Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after acquiring an additional 999 shares during the period. American National Bank & Trust acquired a new position in shares of Pinterest in the 1st quarter valued at $32,000. Finally, Golden State Wealth Management LLC increased its holdings 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 period. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Stock Up 0.2%

NYSE:PINS opened at $35.04 on Friday. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The stock has a market cap of $23.82 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.77. The firm's fifty day simple moving average is $36.68 and its 200-day simple moving average is $33.10.

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

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $34.82, for a total transaction of $3,554,530.06. Following the transaction, the director directly owned 8,414 shares of the company's stock, valued at $292,975.48. This represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 1,088,005 shares of company stock worth $39,037,739. Corporate insiders own 7.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PINS. UBS Group lifted their target price on shares of Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Sanford C. Bernstein lifted their target price on shares of Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Bank of America boosted their price objective on shares of Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Benchmark boosted their price objective on shares of Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, KeyCorp boosted their price objective on shares of Pinterest from $40.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Twenty-five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Pinterest presently has an average rating of "Moderate Buy" and a consensus target price of $42.40.

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.

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