Russell Investments Group Ltd. Reduces Position in Pinterest, Inc. $PINS

Key Points

• Russell Investments Group Ltd. has reduced its stake in Pinterest, Inc. by 41.1% during the first quarter, owning 303,117 shares after selling 211,503 shares, valued at approximately $9.46 million.
• Pinterest reported earnings of $0.33 per share for its latest quarter, missing estimates, but showed year-over-year revenue growth of 16.9% to about $998.23 million.
• The company's stock currently has an average rating of "Moderate Buy" from analysts, with a consensus target price set at $42.40 and several firms increasing their price targets recently.

Russell Investments Group Ltd. lessened its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 41.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 303,117 shares of the company's stock after selling 211,503 shares during the quarter. Russell Investments Group Ltd.'s holdings in Pinterest were worth $9,460,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Pinterest during the 1st quarter worth $25,000. Garde Capital Inc. purchased a new position in shares of Pinterest during the 1st quarter worth $26,000. NBC Securities Inc. lifted its stake in shares of Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after purchasing an additional 999 shares during the period. American National Bank & Trust purchased a new position in shares of Pinterest during the 1st quarter worth $32,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Pinterest by 665.4% during the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after purchasing an additional 1,058 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated 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 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 document filed with the SEC, which is available through this hyperlink. Insiders sold 1,090,520 shares of company stock valued at $38,235,271 over the last 90 days. Company insiders own 7.06% of the company's stock.

Analysts Set New Price Targets

PINS has been the topic of a number of recent analyst reports. Susquehanna reissued a "positive" rating and set a $42.00 price target on shares of Pinterest in a research note on Friday, August 8th. Sanford C. Bernstein increased their target price on Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Cowen reaffirmed a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Piper Sandler set a $40.00 target price on Pinterest in a research report on Friday, August 8th. Finally, Wall Street Zen lowered Pinterest from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.40.

Pinterest Trading Up 2.0%

NYSE:PINS traded up $0.6950 during mid-day trading on Friday, hitting $35.5650. The company had a trading volume of 7,216,559 shares, compared to its average volume of 11,739,806. The business has a fifty day simple moving average of $36.32 and a 200-day simple moving average of $33.29. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.40 and a beta of 0.78.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $973.42 million. During the same period last year, the business earned $0.29 earnings per share. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

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.