Venture Visionary Partners LLC Raises Holdings in Pinterest, Inc. $PINS

Key Points

• Venture Visionary Partners LLC increased its stake in Pinterest, Inc. by 40.4% in the first quarter, bringing its holdings to 45,776 shares valued at approximately $1.42 million.
• Despite a missed earnings estimate for the latest quarter, Pinterest's revenue increased by 16.9% year-over-year, amounting to $998.23 million.
• Wall Street analysts have a positive outlook on Pinterest, with an average target price of $42.40, and the majority rating the stock as a "Moderate Buy".

Venture Visionary Partners LLC increased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 40.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 45,776 shares of the company's stock after acquiring an additional 13,182 shares during the period. Venture Visionary Partners LLC's holdings in Pinterest were worth $1,419,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PINS. Bartlett & CO. Wealth Management LLC acquired a new position in Pinterest during the first quarter worth $25,000. Garde Capital Inc. acquired a new position in Pinterest during the first quarter worth $26,000. NBC Securities Inc. lifted its stake in 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 purchasing an additional 999 shares in the last quarter. American National Bank & Trust acquired a new position in Pinterest during the first quarter worth $32,000. Finally, Golden State Wealth Management LLC lifted its stake in 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 purchasing an additional 1,058 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PINS. Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research note on Thursday, May 15th. Piper Sandler set a $40.00 price target on Pinterest in a research note on Friday, August 8th. Wells Fargo & Company set a $42.00 price objective on Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. TD Cowen increased their price objective on Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Finally, Benchmark increased their price objective on Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Pinterest presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Trading Up 2.0%

NYSE:PINS traded up $0.6950 during trading hours on Friday, hitting $35.5650. The company's stock had a trading volume of 7,216,559 shares, compared to its average volume of 11,739,806. The stock has a market capitalization of $24.18 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.40 and a beta of 0.78. The stock has a fifty day moving average of $36.32 and a 200-day moving average of $33.29. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90.

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

Insider Buying and Selling

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, June 4th. The stock was 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 $279,428.94. This represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 1,090,520 shares of company stock valued at $38,235,271 over the last 90 days. Corporate insiders own 7.06% of the company's stock.

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.