Ieq Capital LLC Increases Stock Holdings in Pinterest, Inc. $PINS

Key Points

• Ieq Capital LLC increased its stake in Pinterest, Inc. by 10%, now holding approximately 612,581 shares valued at $18.99 million.
• Other institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., also boosted their holdings, showing strong interest with increased ownership percentages.
• Pinterest reported $0.33 earnings per share for the last quarter, missing estimates slightly, but with a 16.9% revenue growth year-over-year, totaling around $998.23 million.

Ieq Capital LLC lifted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 10.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 612,581 shares of the company's stock after buying an additional 55,682 shares during the quarter. Ieq Capital LLC owned about 0.09% of Pinterest worth $18,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PINS. Revolve Wealth Partners LLC bought a new position in shares of Pinterest in the fourth quarter worth about $252,000. Dimensional Fund Advisors LP raised its stake in shares of Pinterest by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,754,338 shares of the company's stock worth $50,878,000 after buying an additional 144,498 shares during the period. Stifel Financial Corp raised its stake in shares of Pinterest by 13.9% in the fourth quarter. Stifel Financial Corp now owns 266,654 shares of the company's stock worth $7,733,000 after buying an additional 32,526 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Pinterest in the fourth quarter worth about $3,733,000. Finally, Quarry LP raised its stake in shares of Pinterest by 205.7% in the fourth quarter. Quarry LP now owns 2,574 shares of the company's stock worth $75,000 after buying an additional 1,732 shares during the period. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on PINS. Benchmark raised their price objective on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Morgan Stanley raised Pinterest from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $37.00 to $45.00 in a research note on Monday, July 21st. Monness Crespi & Hardt lifted their target price on Pinterest from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Oppenheimer reissued an "outperform" rating on shares of Pinterest in a research note on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and an average target price of $42.40.

Pinterest Stock Down 0.0%

NYSE PINS traded down $0.02 during trading on Friday, hitting $36.68. 5,153,334 shares of the stock traded hands, compared to its average volume of 11,551,480. The company has a market capitalization of $24.94 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 1.47 and a beta of 0.78. The firm has a 50-day simple moving average of $36.48 and a 200-day simple moving average of $33.26. 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). The firm had revenue of $998.23 million for the quarter, compared to analysts' expectations of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm'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 completion of the transaction, the director owned 8,414 shares in the company, valued at $279,428.94. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 1,094,279 shares of company stock worth $38,832,184. Company insiders own 7.06% of the company's stock.

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.