Pinterest, Inc. $PINS Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC significantly reduced its stake in Pinterest by selling 251,193 shares, lowering its ownership by 96.8% to just 8,192 shares, valued at approximately $254,000.
• Pinterest reported earnings of $0.33 per share for the last quarter, missing estimates, but achieved a 16.9% year-over-year revenue growth with revenues of $998.23 million.
• Analysts have a consensus rating of "Moderate Buy" for Pinterest, with an average price target of $42.40, though shares are currently trading around $35.49.

RWA Wealth Partners LLC decreased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 96.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,192 shares of the company's stock after selling 251,193 shares during the period. RWA Wealth Partners LLC's holdings in Pinterest were worth $254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in Pinterest by 73.9% during the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after buying an additional 37,829 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Pinterest during the 1st quarter worth $235,000. Concurrent Investment Advisors LLC acquired a new position in shares of Pinterest during the 1st quarter valued at about $261,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Pinterest by 21.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock valued at $3,478,000 after purchasing an additional 19,552 shares during the period. Finally, Revolve Wealth Partners LLC acquired a new stake in Pinterest during the fourth quarter worth about $252,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wolfe Research upgraded shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price on the stock in a report on Thursday, May 15th. Citigroup reiterated a "buy" rating and issued a $50.00 price objective (up from $44.00) on shares of Pinterest in a report on Friday, August 8th. Sanford C. Bernstein increased their price objective 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 note on Friday, August 8th. Finally, Susquehanna reiterated a "positive" rating and set a $42.00 price target on shares of Pinterest in a report 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Stock Up 2.0%

NYSE:PINS traded up $0.6950 during trading hours on Friday, reaching $35.5650. 7,216,559 shares of the stock were exchanged, compared to its average volume of 11,739,806. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90. The business has a 50-day moving average of $36.32 and a two-hundred day moving average of $33.29. The company has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.43 and a beta of 0.78.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $998.23 million during the quarter, compared to analysts' expectations of $973.42 million. During the same quarter in the prior year, the firm posted $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. On average, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, June 4th. The shares were 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 owned 8,414 shares in the company, valued at approximately $279,428.94. The trade was a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 1,090,520 shares of company stock valued at $38,235,271 over the last ninety days. Company insiders own 7.06% of the company's stock.

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.