Point72 Italy S.r.l. Buys Shares of 156,200 Pinterest, Inc. $PINS

Key Points

• Point72 Italy S.r.l. acquired 156,200 shares of Pinterest, Inc., representing approximately 4.8% of its investment portfolio, valued at about $4.8 million.
• Pinterest's recent quarterly earnings showed a miss in EPS at $0.33 compared to the consensus estimate of $0.34, despite a revenue increase of 16.9% year-over-year.
• Analysts maintain a generally positive outlook on Pinterest, with an average target price of $42.40 and 25 analysts rating the stock with a Buy.

Point72 Italy S.r.l. acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 156,200 shares of the company's stock, valued at approximately $4,842,000. Pinterest makes up about 4.8% of Point72 Italy S.r.l.'s holdings, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of PINS. Revolve Wealth Partners LLC bought a new position in Pinterest during the fourth quarter worth $252,000. Dimensional Fund Advisors LP lifted its holdings in shares of Pinterest by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,754,338 shares of the company's stock valued at $50,878,000 after acquiring an additional 144,498 shares during the period. Northern Trust Corp lifted its holdings in shares of Pinterest by 8.3% during the fourth quarter. Northern Trust Corp now owns 4,144,886 shares of the company's stock valued at $120,202,000 after acquiring an additional 317,414 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Pinterest by 82.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 82,406 shares of the company's stock valued at $2,390,000 after acquiring an additional 37,333 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Pinterest by 5.5% during the fourth quarter. Comerica Bank now owns 69,529 shares of the company's stock valued at $2,016,000 after acquiring an additional 3,603 shares during the period. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. 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. Morgan Stanley upgraded Pinterest from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $37.00 to $45.00 in a report on Monday, July 21st. Stifel Nicolaus boosted their target price on Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, August 8th. BMO Capital Markets decreased their price objective on Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Cowen reaffirmed a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Twenty-five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Pinterest has a consensus rating of "Moderate Buy" and an average target price of $42.40.

Insider Activity

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $37.95, for a total value of $3,874,049.85. Following the sale, the director owned 8,414 shares of the company's stock, valued at approximately $319,311.30. This represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,088,005 shares of company stock worth $39,009,156 over the last three months. 7.06% of the stock is currently owned by company insiders.

Pinterest Price Performance

Shares of NYSE PINS traded up $0.41 during mid-day trading on Friday, reaching $37.53. 4,956,516 shares of the company traded hands, compared to its average volume of 11,488,569. The firm has a market cap of $25.51 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.49 and a beta of 0.77. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The stock has a fifty day simple moving average of $36.63 and a 200-day simple moving average of $33.20.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company had revenue of $998.23 million for the quarter, compared to analysts' expectations of $973.42 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The company's revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. As a group, analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal 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.