SWS Partners Sells 10,360 Shares of Pinterest, Inc. $PINS

Key Points

• SWS Partners reduced its stake in Pinterest, Inc. by 7.2%, selling 10,360 shares and now owning 134,004 shares, which represents about 1.3% of its portfolio.
• Brokerages have increased their price targets for Pinterest, with Wedbush raising theirs from $42.00 to $44.00 and Sanford C. Bernstein increasing theirs from $40.00 to $45.00.
• Pinterest reported $0.33 earnings per share for the quarter, missing analyst expectations of $0.34, but saw a revenue increase of 16.9% year-over-year to $998.23 million.

SWS Partners decreased its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 7.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 134,004 shares of the company's stock after selling 10,360 shares during the period. Pinterest accounts for about 1.3% of SWS Partners' portfolio, making the stock its 17th largest holding. SWS Partners' holdings in Pinterest were worth $4,154,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Riverpark Capital Management LLC boosted its holdings in shares of Pinterest by 1.2% during the 1st quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock worth $987,000 after buying an additional 377 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Pinterest by 18.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company's stock worth $96,000 after buying an additional 476 shares during the period. Redwood Investment Management LLC boosted its holdings in shares of Pinterest by 3.2% during the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after buying an additional 495 shares during the period. NorthRock Partners LLC boosted its holdings in shares of Pinterest by 4.7% during the 1st quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock worth $349,000 after buying an additional 502 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in shares of Pinterest by 8.9% during the 1st quarter. Brooklyn Investment Group now owns 6,743 shares of the company's stock worth $209,000 after buying an additional 552 shares during the period. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on PINS. Wedbush lifted their price objective on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Wall Street Zen cut shares of Pinterest from a "buy" rating to a "hold" rating in a research note on Sunday. Sanford C. Bernstein lifted their price objective on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Monness Crespi & Hardt lifted their price objective on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Wolfe Research upgraded shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research note on Thursday, May 15th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Trading Down 3.3%

Shares of Pinterest stock opened at $35.31 on Thursday. The company has a 50 day moving average of $36.71 and a 200-day moving average of $33.15. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The company has a market cap of $24.00 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.53 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last issued 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 return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. During the same period last year, the company posted $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. Research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $37.04, for a total transaction of $3,781,154.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total transaction of $40,250.00. Following the completion of the transaction, the director directly owned 30,600 shares of the company's stock, valued at approximately $1,071,000. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 985,922 shares of company stock worth $35,455,647. Insiders own 7.06% of the company's stock.

About Pinterest

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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