Vestmark Advisory Solutions Inc. Cuts Position in Pinterest, Inc. $PINS

Key Points

• Vestmark Advisory Solutions Inc. reduced its holdings in Pinterest by 24.1%, selling 31,877 shares, and now owns 100,438 shares valued at approximately $3.1 million.
• Director Benjamin Silbermann sold 102,083 shares of Pinterest, significantly reducing his ownership by 94.21% in a transaction valued at over $3.2 million.
• Analysts have set aggressive target prices for Pinterest, with recent ratings indicating a consensus of “Moderate Buy” and an average target price of $42.40.

Vestmark Advisory Solutions Inc. decreased its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 24.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 100,438 shares of the company's stock after selling 31,877 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Pinterest were worth $3,114,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Pinterest by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock valued at $1,798,270,000 after buying an additional 1,263,863 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Pinterest by 104.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock worth $737,533,000 after purchasing an additional 12,986,310 shares during the period. Ameriprise Financial Inc. boosted its stake in Pinterest by 49.7% in the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after purchasing an additional 4,527,902 shares during the period. Ninety One UK Ltd boosted its stake in Pinterest by 10.2% in the 1st quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock worth $186,848,000 after purchasing an additional 555,742 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Pinterest by 3.7% in 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. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Performance

Shares of NYSE PINS traded down $0.58 during trading on Thursday, hitting $34.90. 1,554,855 shares of the company were exchanged, compared to its average volume of 11,783,204. The firm has a market capitalization of $23.73 billion, a PE ratio of 12.53, a P/E/G ratio of 1.74 and a beta of 0.78. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The company has a fifty day moving average price of $36.27 and a 200-day moving average price of $33.27.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company 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 posted $0.29 earnings per share. The firm's quarterly revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Susquehanna reiterated a "positive" rating and issued a $42.00 target price on shares of Pinterest in a research note on Friday, August 8th. TD Cowen boosted their target price on shares of Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Bank of America upped their price target on shares of Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Cowen restated a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Pinterest in a research report on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.40.

Insider Buying and Selling at Pinterest

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 transaction of $3,390,176.43. Following the sale, the director owned 8,414 shares of the company's stock, valued at $279,428.94. This trade represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 29,606 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total value of $1,014,005.50. Following the sale, the chief financial officer directly owned 362,890 shares in the company, valued at approximately $12,428,982.50. The trade was a 7.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 987,287 shares of company stock valued at $34,626,200 in the last quarter. 7.06% of the stock is currently 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.