Trexquant Investment LP Sells 247,475 Shares of Pinterest, Inc. $PINS

Key Points

• Trexquant Investment LP has reduced its stake in Pinterest by 31.3%, now holding approximately 0.08% of the company, valued at about $16.81 million.
• Pinterest's earnings per share (EPS) for the last quarter was $0.33, slightly missing the consensus estimate of $0.34, but revenue increased by 16.9% year-over-year.
• Analysts have mixed ratings for Pinterest, with some lowering their ratings while others, like Citigroup and UBS, raised their target prices to $50.00 and maintained a "buy" stance.

Trexquant Investment LP reduced its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 31.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542,163 shares of the company's stock after selling 247,475 shares during the quarter. Trexquant Investment LP owned approximately 0.08% of Pinterest worth $16,807,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Pinterest by 2.2% in the first quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock valued at $1,798,270,000 after purchasing an additional 1,263,863 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Pinterest by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock valued at $988,662,000 after buying an additional 6,460,143 shares during the period. Ameriprise Financial Inc. lifted its position in Pinterest by 13.7% during the first quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company's stock worth $480,452,000 after buying an additional 1,862,654 shares during the period. Ninety One UK Ltd grew its stake in shares of Pinterest by 10.2% during the 1st quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock valued at $186,848,000 after buying an additional 555,742 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Pinterest by 3.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,793,534 shares of the company's stock worth $179,600,000 after purchasing an additional 205,879 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Stock Performance

NYSE PINS traded up $0.24 during trading on Wednesday, hitting $36.97. The stock had a trading volume of 1,626,110 shares, compared to its average volume of 11,541,827. The company has a market capitalization of $25.14 billion, a PE ratio of 13.22, a P/E/G ratio of 1.47 and a beta of 0.77. The company's 50-day moving average price is $36.55 and its two-hundred day moving average price is $33.19. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.33 EPS 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 firm had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same period last year, the business 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. As a group, equities analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on PINS shares. Stifel Nicolaus boosted their price objective on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, August 8th. TD Cowen boosted their price target on Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Monness Crespi & Hardt boosted their price target on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Wall Street Zen upgraded Pinterest from a "hold" rating to a "buy" rating in a report on Saturday. Finally, UBS Group increased their price objective on Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.40.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $36.03, for a total transaction of $3,678,050.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction 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 sale, the director directly owned 30,600 shares in the company, valued at approximately $1,071,000. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 992,196 shares of company stock valued at $35,442,008. 7.11% of the stock is currently owned by company insiders.

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.