Quantbot Technologies LP Lowers Position in Pinterest, Inc. $PINS

Key Points

• Quantbot Technologies LP has significantly reduced its stake in Pinterest, Inc. by 94.6%, now holding only 14,171 shares after selling 249,191 shares in the first quarter.
• Several other institutional investors, including Brooklyn Investment Group and Raymond James Financial, have increased their holdings in Pinterest, indicating a mixed sentiment among investors.
• Pinterest reported earnings of $0.33 per share, which fell short of analysts' expectations, despite revenue growth of 16.9% year-over-year, signaling ongoing financial challenges for the company.

Quantbot Technologies LP cut its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 94.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,171 shares of the company's stock after selling 249,191 shares during the quarter. Quantbot Technologies LP's holdings in Pinterest were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Pinterest in the first quarter worth approximately $25,000. Garde Capital Inc. purchased a new stake in shares of Pinterest during the first quarter valued at approximately $26,000. NBC Securities Inc. increased its position in shares of Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after acquiring an additional 999 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of Pinterest during the first quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC increased its position in shares of Pinterest by 665.4% during the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after acquiring an additional 1,058 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total value of $3,390,176.43. Following the completion of the transaction, the director directly owned 8,414 shares of the company's stock, valued at $279,428.94. 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 at the SEC website. Insiders sold 1,094,279 shares of company stock valued at $38,832,184 over the last three months. 7.06% of the stock is owned by company insiders.

Pinterest Stock Performance

NYSE PINS traded down $0.02 on Friday, hitting $36.68. 5,153,334 shares of the stock traded hands, compared to its average volume of 11,551,480. The business's fifty day moving average is $36.48 and its two-hundred day moving average is $33.26. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.47 and a beta of 0.78.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data 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 net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. During the same period last year, the company posted $0.29 earnings per share. Pinterest's revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

PINS has been the subject of a number of research analyst reports. Wedbush increased their price target on Pinterest from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Oppenheimer reaffirmed an "outperform" rating on shares of Pinterest in a research report on Friday, August 8th. Wall Street Zen raised Pinterest from a "hold" rating to a "buy" rating in a research report on Saturday. Wolfe Research raised Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target for the company in a research report on Thursday, May 15th. Finally, Sanford C. Bernstein increased their price target on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Twenty-five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Pinterest presently has an average rating of "Moderate Buy" and a consensus target price of $42.40.

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.