Pinterest, Inc. $PINS Position Lowered by Avanza Fonder AB

Key Points

• Avanza Fonder AB reduced its holdings in Pinterest by 45.1%, owning 44,905 shares worth $1.61 million after selling 36,822 shares in the second quarter.
• Several institutional investors increased their positions, with State of Wyoming lifting its stake by 122.7% and Two Sigma Investments increasing by 25.8% in the fourth quarter.
• Analysts have given Pinterest a consensus rating of "Moderate Buy" with an average price target of $42.40, reflecting positive investor sentiment amid recent trading performance.

Avanza Fonder AB lessened its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 45.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,905 shares of the company's stock after selling 36,822 shares during the period. Avanza Fonder AB's holdings in Pinterest were worth $1,610,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PINS. Revolve Wealth Partners LLC acquired a new position in shares of Pinterest during the 4th quarter worth about $252,000. State of Wyoming grew its holdings in shares of Pinterest by 122.7% during the 4th quarter. State of Wyoming now owns 6,640 shares of the company's stock valued at $193,000 after acquiring an additional 3,658 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Pinterest by 25.8% during the fourth quarter. Two Sigma Investments LP now owns 58,871 shares of the company's stock valued at $1,707,000 after acquiring an additional 12,058 shares during the period. Vise Technologies Inc. increased its position in Pinterest by 22.7% in the 4th quarter. Vise Technologies Inc. now owns 10,781 shares of the company's stock valued at $313,000 after acquiring an additional 1,992 shares in the last quarter. Finally, GTS Securities LLC boosted its position in shares of Pinterest by 120.8% during the fourth quarter. GTS Securities LLC now owns 9,797 shares of the company's stock worth $284,000 after buying an additional 56,797 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PINS. Cowen reissued a "buy" rating on shares of Pinterest in a research note on Friday, August 8th. Benchmark raised their price target on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Stifel Nicolaus increased their price target on Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wedbush lifted their price target on Pinterest from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Pinterest in a research report on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.40.

Pinterest Stock Down 1.4%

Shares of PINS stock traded down $0.49 during trading on Monday, reaching $35.32. The company's stock had a trading volume of 7,159,192 shares, compared to its average volume of 8,540,683. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The company has a market cap of $24.02 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.50 and a beta of 0.77. The business has a fifty day moving average price of $36.72 and a 200-day moving average price of $33.10.

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 analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $973.42 million. During the same quarter last year, the business earned $0.29 EPS. The firm's quarterly revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $34.96, for a total value of $3,568,821.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,088,005 shares of company stock valued at $39,225,572 over the last 90 days. 7.11% of the stock is owned by company insiders.

About Pinterest

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.