Strs Ohio Makes New Investment in Pinterest, Inc. $PINS

Key Points

• Strs Ohio has made a significant investment in Pinterest, acquiring 485,000 shares valued at approximately $15 million, representing about 0.07% of the company's stock.
• Wall Street analysts generally have a positive outlook on Pinterest, with the stock receiving a consensus rating of "Moderate Buy" and a price target of approximately $42.40.
• Insider transactions noted a decrease in ownership as Pinterest executives sold shares in recent months, with 7.06% of the stock now held by company insiders.

Strs Ohio acquired a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 485,000 shares of the company's stock, valued at approximately $15,035,000. Strs Ohio owned about 0.07% of Pinterest at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PINS shares. Susquehanna reiterated a "positive" rating and issued a $42.00 price objective on shares of Pinterest in a research note on Friday, August 8th. Guggenheim restated a "buy" rating on shares of Pinterest in a research note on Tuesday, September 2nd. Wall Street Zen cut Pinterest from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. KeyCorp boosted their target price on Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Wedbush boosted their target price on Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Insider Transactions at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,759 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the sale, the chief accounting officer directly owned 157,402 shares in the company, valued at $5,502,773.92. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total value of $40,250.00. Following the sale, the director owned 30,600 shares of the company's stock, valued at $1,071,000. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,088,005 shares of company stock valued at $39,037,739 in the last three months. 7.06% of the stock is owned by company insiders.

Pinterest Trading Up 0.2%

NYSE:PINS opened at $35.04 on Friday. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The firm has a market cap of $23.82 billion, a P/E ratio of 12.56, a PEG ratio of 1.46 and a beta of 0.77. The stock's 50 day simple moving average is $36.68 and its 200-day simple moving average is $33.10.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business had revenue of $998.23 million during the quarter, compared to analysts' expectations of $973.42 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm's quarterly revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.

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