Pinterest, Inc. $PINS Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC cut its Pinterest stake by 83.5% in the first quarter, selling 393,021 shares and retaining 77,641 shares valued at approximately $1.42 million. Institutional investors collectively own 88.81% of PINS.
• Pinterest reported quarterly adjusted earnings of $0.43 per share versus the $0.36 consensus estimate, while revenue of $1.18 billion rose 18.2% year over year and exceeded expectations.
• Analyst sentiment is mixed but leans constructive: the consensus rating is Hold with a $27.90 price target, while risks include insider selling, North American user volatility and margin pressure from monetization investments.

Empowered Funds LLC lessened its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 83.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,641 shares of the company's stock after selling 393,021 shares during the period. Empowered Funds LLC's holdings in Pinterest were worth $1,424,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Yousif Capital Management LLC increased its stake in shares of Pinterest by 2,298.3% during the fourth quarter. Yousif Capital Management LLC now owns 185,170 shares of the company's stock valued at $4,701,000 after acquiring an additional 177,449 shares during the period. Forsta AP Fonden raised its holdings in Pinterest by 61.2% during the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company's stock worth $10,289,000 after purchasing an additional 150,900 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Pinterest in the fourth quarter worth approximately $12,812,000. KLP Kapitalforvaltning AS lifted its position in Pinterest by 103.4% in the fourth quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company's stock worth $21,709,000 after purchasing an additional 426,300 shares during the period. Finally, Freemont Management S.A. bought a new position in Pinterest during the 4th quarter valued at $2,540,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PINS shares. Benchmark lowered their price target on Pinterest from $34.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada raised their target price on Pinterest from $23.00 to $25.00 and gave the company a "sector perform" rating in a research note on Wednesday. TD Cowen reaffirmed a "buy" rating on shares of Pinterest in a report on Monday, June 22nd. JPMorgan Chase & Co. boosted their price target on shares of Pinterest from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 5th. Finally, Oppenheimer boosted their price target on shares of Pinterest from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.90.

Insider Buying and Selling at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 14,208 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total value of $279,187.20. Following the completion of the sale, the insider owned 691,840 shares in the company, valued at $13,594,656. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $22.54, for a total value of $1,056,562.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 429,816 shares of company stock valued at $9,280,201 in the last three months. 8.09% of the stock is currently owned by company insiders.

Pinterest Trading Up 1.7%

Shares of PINS opened at $23.73 on Friday. The business's 50-day moving average price is $22.12 and its 200 day moving average price is $20.48. The company has a current ratio of 3.81, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $13.29 billion, a P/E ratio of 69.80, a P/E/G ratio of 1.25 and a beta of 0.90. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $38.57.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.33 earnings per share. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. Analysts expect that Pinterest, Inc. will post 0.63 earnings per share for the current year.

More Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q2 results beat expectations: Pinterest reported adjusted earnings of $0.43 per share versus the $0.36 consensus estimate, while revenue reached $1.18 billion compared with expectations of $1.15 billion. Revenue grew 18.2% year over year. Pinterest's Q2 Earnings Top Estimates on AI-Led Ad Growth
• Positive Sentiment: AI is supporting monetization: AI-powered advertising, stronger monetization and record user growth helped drive the quarterly outperformance and contributed to a more constructive outlook. Spotify and Pinterest Delivered the Growth. Investors Wanted More
• Positive Sentiment: Analyst sentiment was broadly supportive: UBS initiated or reiterated a Buy rating, Cantor Fitzgerald assigned an Overweight rating, and Evercore raised its price target to $29. RBC also increased its target to $25. Guggenheim, Morgan Stanley, Robert W. Baird and Rosenblatt analysts expressed expectations for further appreciation. Evercore Boosts Pinterest Price Target
• Neutral Sentiment: Valuation remains a debate: Some analysts view the post-earnings weakness as a buying opportunity, citing Pinterest’s high-intent users, high-teens revenue growth and disciplined expense management. Pinterest: Despite North American User Choppiness, Worth The Cheap Multiples
• Negative Sentiment: Key risks limited the reaction: Investors were disappointed by at least one user-related metric, particularly choppiness in North American users. Monetization initiatives are also creating margin pressure, while Wedbush maintained a Neutral or Hold rating. PINS Q2 Deep Dive

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate "Pins" — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company's primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

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