Truist Financial Corp Purchases 13,267 Shares of Pinterest, Inc. $PINS

Truist Financial Corp grew its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 15.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,363 shares of the company's stock after acquiring an additional 13,267 shares during the quarter. Truist Financial Corp's holdings in Pinterest were worth $3,527,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC bought a new stake in Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. bought a new stake in shares of Pinterest during the first quarter worth $26,000. NBC Securities Inc. increased its position 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 worth $31,000 after acquiring an additional 999 shares in the last quarter. West Branch Capital LLC bought a new stake in shares of Pinterest during the second quarter worth $36,000. Finally, Golden State Wealth Management LLC increased its position in shares of Pinterest by 665.4% during the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after acquiring an additional 1,058 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PINS. KeyCorp increased their target price on Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Tuesday, September 2nd. Benchmark increased their price objective on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Monness Crespi & Hardt raised their price target 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, Wells Fargo & Company set a $42.00 price target on shares of Pinterest and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Pinterest has a consensus rating of "Moderate Buy" and a consensus target price of $42.63.

Pinterest Price Performance

Shares of PINS opened at $31.80 on Thursday. The firm has a 50-day moving average of $35.54 and a 200-day moving average of $33.15. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The company has a market cap of $21.62 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.31 and a beta of 0.81.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 8.44% and a net margin of 49.31%.The business had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. During the same quarter in the previous year, the business posted $0.29 EPS. The company's revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Transactions at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total transaction of $795,311.85. Following the completion of the transaction, the chief financial officer directly owned 312,422 shares in the company, valued at approximately $10,887,906.70. The trade was a 6.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $36.01, for a total transaction of $3,676,008.83. Following the transaction, the director directly owned 8,414 shares of the company's stock, valued at approximately $302,988.14. This trade represents a 92.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 865,552 shares of company stock worth $31,242,397. 7.06% of the stock is owned by company insiders.

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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