Southpoint Capital Advisors LP Acquires 700,000 Shares of Pinterest, Inc. $PINS

Key Points

• Southpoint Capital Advisors LP has increased its stake in Pinterest, Inc. by 17.5%, acquiring an additional 700,000 shares, making Pinterest its 12th largest position.
• Several other institutional investors, including Bartlett & CO. and NBC Securities Inc., have also made new purchases or significant increases in their positions in Pinterest during the first quarter.
• Wall Street analysts generally maintain a positive outlook on Pinterest, with many upgrading their ratings and price targets, reflecting a widespread consensus of a "Moderate Buy" for the stock.

Southpoint Capital Advisors LP lifted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 17.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,700,000 shares of the company's stock after purchasing an additional 700,000 shares during the quarter. Pinterest comprises approximately 3.4% of Southpoint Capital Advisors LP's holdings, making the stock its 12th largest position. Southpoint Capital Advisors LP owned 0.69% of Pinterest worth $145,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PINS. Bartlett & CO. Wealth Management LLC purchased a new position in Pinterest during the first quarter valued at $25,000. Garde Capital Inc. bought a new position in shares of Pinterest during the first quarter valued at $26,000. NBC Securities Inc. increased its holdings 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 in the last quarter. American National Bank & Trust purchased a new position in shares of Pinterest in the 1st quarter worth about $32,000. Finally, Golden State Wealth Management LLC boosted its stake in Pinterest by 665.4% in 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 in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Price Performance

NYSE PINS opened at $36.68 on Tuesday. The stock 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 0.77. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The business's fifty day moving average price is $36.53 and its 200-day moving average price is $33.16.

Pinterest (NYSE:PINS - Get Free Report) last issued 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 return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same period in the previous year, the firm earned $0.29 EPS. The business's revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm's 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 transaction, the director owned 8,414 shares of the company's stock, valued at approximately $279,428.94. This trade represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 1,094,279 shares of company stock valued at $38,832,184. 7.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PINS. Guggenheim restated a "buy" rating on shares of Pinterest in a research note on Monday, July 28th. Stifel Nicolaus raised their price target on shares of Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. raised Pinterest from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Sanford C. Bernstein increased their target price on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, UBS Group boosted their price target on Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Twenty-five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Pinterest has an average rating of "Moderate Buy" and an average target price of $42.40.

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.

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