Royal Bank of Canada Sells 177,404 Shares of Pinterest, Inc. $PINS

Key Points

• Royal Bank of Canada reduced its holdings in Pinterest, Inc. by 5.2%, now owning approximately 3.25 million shares valued at around $100.7 million.
• Other institutional investors significantly increased their stakes, with Price T Rowe Associates boosting theirs by 25.4% in the first quarter, getting close to 31.9 million shares valued at about $988.6 million.
• Analysts have a consensus rating of "Moderate Buy" for Pinterest, with a target price averaging $42.40, reflecting positive sentiment despite recent earnings misses.

Royal Bank of Canada trimmed its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,248,639 shares of the company's stock after selling 177,404 shares during the quarter. Royal Bank of Canada owned about 0.48% of Pinterest worth $100,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Riverpark Capital Management LLC grew its holdings in Pinterest by 1.2% in the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock worth $987,000 after purchasing an additional 377 shares during the period. Smartleaf Asset Management LLC grew its holdings in Pinterest by 18.6% in the first quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company's stock worth $96,000 after purchasing an additional 476 shares during the period. Redwood Investment Management LLC boosted its stake in Pinterest by 3.2% in the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after purchasing an additional 495 shares in the last quarter. NorthRock Partners LLC boosted its stake in Pinterest by 4.7% in the 1st quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock worth $349,000 after purchasing an additional 502 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Pinterest by 8.9% during the first quarter. Brooklyn Investment Group now owns 6,743 shares of the company's stock valued at $209,000 after buying an additional 552 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Stock Up 2.1%

PINS traded up $0.77 during trading on Friday, hitting $37.89. The company's stock had a trading volume of 8,399,867 shares, compared to its average volume of 9,248,710. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The firm has a market cap of $25.77 billion, a PE ratio of 71.58, a P/E/G ratio of 1.59 and a beta of 0.77. The business's 50 day simple moving average is $36.66 and its 200-day simple moving average is $33.15.

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 business had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The firm's revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts expect 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 dated Wednesday, July 23rd. The stock was sold at an average price of $37.95, for a total transaction of $3,874,049.85. Following the sale, the director directly owned 8,414 shares of the company's stock, valued at $319,311.30. This trade represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 1,088,005 shares of company stock valued at $39,009,156. Corporate insiders own 7.06% of the company's stock.

Analyst Upgrades and Downgrades

PINS has been the topic of several research analyst reports. KeyCorp upped their target price 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. Cowen restated a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Sanford C. Bernstein lifted their target price on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Monness Crespi & Hardt increased their price target on Pinterest from $40.00 to $46.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Wedbush raised their price target on Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.40.

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.