Ameriprise Financial Inc. Acquires 1,862,654 Shares of Pinterest, Inc. $PINS

Key Points

• Ameriprise Financial Inc. raised its stake in Pinterest by 13.7%, now holding 15,498,454 shares worth approximately $480.4 million.
• Pinterest's quarterly earnings report indicated a miss in earnings per share at $0.33, slightly below the $0.34 expected, while revenue increased by 16.9% year-over-year to $998.23 million.
• Several analysts have recently upgraded their ratings and price targets for Pinterest, with a consensus target price of $42.40 and a rating of "Moderate Buy."

Ameriprise Financial Inc. boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,498,454 shares of the company's stock after purchasing an additional 1,862,654 shares during the quarter. Ameriprise Financial Inc. owned about 2.29% of Pinterest worth $480,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PINS. Revolve Wealth Partners LLC acquired a new position in Pinterest in the fourth quarter valued at about $252,000. Dimensional Fund Advisors LP raised its stake in 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 in the last quarter. Natixis raised its stake in Pinterest by 59.3% in the fourth quarter. Natixis now owns 27,006 shares of the company's stock valued at $783,000 after purchasing an additional 10,054 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Pinterest by 113.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 28,165 shares of the company's stock valued at $817,000 after purchasing an additional 14,978 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in Pinterest by 2,822.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 16,073 shares of the company's stock valued at $466,000 after purchasing an additional 15,523 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Transactions at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total transaction of $3,390,176.43. Following the transaction, the director directly owned 8,414 shares of the company's stock, valued at $279,428.94. This represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 1,090,520 shares of company stock valued at $38,235,271 over the last quarter. 7.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on PINS. Bank of America boosted their target price on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Wolfe Research raised Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Thursday, May 15th. KeyCorp boosted their target price on Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Oppenheimer reissued an "outperform" rating on shares of Pinterest in a research note on Friday, August 8th. Finally, Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Twenty-five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest Stock Performance

Shares of NYSE:PINS traded up $0.6950 during midday trading on Friday, hitting $35.5650. 7,216,559 shares of the stock were exchanged, compared to its average volume of 11,888,044. The stock has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.43 and a beta of 0.78. The business's 50-day moving average price is $36.32 and its 200 day moving average price is $33.29. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results 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 quarter last year, the firm posted $0.29 earnings per share. The business's revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS 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.