Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Pinterest, Inc. $PINS

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its Pinterest stake by 194.9% in Q4 to 424,856 shares, worth about $11 million (roughly 0.06% of the company).
• Sell‑side analysts show mixed views but the consensus rating is Hold with an average price target of $25.51, alongside several recent price‑target cuts and a few buy upgrades.
• Pinterest slightly missed Q4 estimates, reporting $0.67 EPS vs. $0.68 expected and $1.32 billion in revenue (up 14.3% year‑over‑year).

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 194.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 424,856 shares of the company's stock after purchasing an additional 280,780 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Pinterest worth $11,000,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PINS. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest during the fourth quarter worth $26,000. N.E.W. Advisory Services LLC increased its position in shares of Pinterest by 505.7% during the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company's stock worth $27,000 after acquiring an additional 713 shares during the period. Atlantic Union Bankshares Corp increased its position in shares of Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company's stock worth $29,000 after acquiring an additional 883 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Pinterest by 46.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company's stock worth $42,000 after acquiring an additional 419 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Pinterest by 2,409.1% during the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company's stock worth $44,000 after acquiring an additional 1,325 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wall Street Zen raised Pinterest from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Piper Sandler reissued a "neutral" rating and set a $21.00 price objective (down from $33.00) on shares of Pinterest in a research report on Friday, February 13th. Benchmark lowered their price objective on Pinterest from $39.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, February 11th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $20.00 price objective (down from $36.00) on shares of Pinterest in a research report on Friday, February 13th. Finally, Stifel Nicolaus lowered their price objective on Pinterest from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $25.51.

Pinterest Stock Performance

Shares of NYSE PINS opened at $19.80 on Friday. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The firm has a market capitalization of $13.17 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88. The stock's 50-day simple moving average is $18.37 and its 200-day simple moving average is $24.04.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $0.56 earnings per share. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Malik Ducard sold 2,293 shares of the company's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total value of $50,583.58. Following the completion of the sale, the insider directly owned 695,187 shares of the company's stock, valued at $15,335,825.22. This represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gokul Rajaram sold 2,100 shares of the company's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the sale, the director directly owned 27,450 shares of the company's stock, valued at approximately $549,000. This trade represents a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,443 shares of company stock worth $113,584 over the last ninety days. Insiders own 7.06% of the company's stock.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate "Pins" — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company's primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

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