Pinterest, Inc. $PINS Position Trimmed by Rip Road Capital Partners LP

Key Points

• Rip Road Capital Partners LP has decreased its stake in Pinterest, Inc. by 23.3%, holding now 155,168 shares valued at approximately $4.81 million, making it the firm's 9th largest position.
• Institutional ownership of Pinterest is significant, with 88.81% of the stock held by large investors, including notable increases from firms such as Cetera Investment Advisers, which raised its stake by 41.5% in the last quarter.
• In recent analysis, several equities research analysts have reiterated a positive outlook on Pinterest, with Bank of America raising its price target from $41 to $44, indicating a consensus rating of "Moderate Buy".

Rip Road Capital Partners LP cut its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 23.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,168 shares of the company's stock after selling 47,266 shares during the period. Pinterest makes up 5.3% of Rip Road Capital Partners LP's portfolio, making the stock its 9th largest position. Rip Road Capital Partners LP's holdings in Pinterest were worth $4,810,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Riverpark Capital Management LLC lifted its stake 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 last quarter. Smartleaf Asset Management LLC lifted its stake 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 last quarter. Redwood Investment Management LLC lifted its stake in Pinterest by 3.2% in the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after purchasing an additional 495 shares during the last quarter. NorthRock Partners LLC lifted its stake in Pinterest by 4.7% in the first quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock worth $349,000 after purchasing an additional 502 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in Pinterest by 8.9% in the first quarter. Brooklyn Investment Group now owns 6,743 shares of the company's stock worth $209,000 after purchasing an additional 552 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PINS has been the subject of several recent research reports. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target for the company in a research note on Thursday, May 15th. Cowen reaffirmed a "buy" rating on shares of Pinterest in a research note on Friday, August 8th. UBS Group upped their price objective on shares of Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Barclays upped their price objective on shares of Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Pinterest from a "buy" rating to a "hold" rating in a research note on Sunday. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Pinterest has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest Stock Performance

Shares of NYSE PINS traded down $1.48 during midday trading on Tuesday, hitting $36.47. 22,036,592 shares of the company traded hands, compared to its average volume of 7,374,790. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The stock has a 50-day moving average price of $36.72 and a 200 day moving average price of $33.13. The firm has a market cap of $24.80 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.59 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (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 EPS. Pinterest's quarterly revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In related news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $37.95, for a total transaction of $3,874,049.85. Following the transaction, the director owned 8,414 shares in the company, valued at $319,311.30. The trade was a 92.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 1,088,005 shares of company stock worth $39,009,156 in the last 90 days. 7.11% of the stock is owned by insiders.

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.