Pinterest, Inc. (NYSE:PINS) Short Interest Up 26.0% in July

Key Points

• Pinterest's short interest increased by 26.0% in July, reaching a total of 28,150,000 shares as of July 31st, indicating heightened bearish sentiment among investors.
• Insider transactions show significant sales, with CFO Julia Brau and Director Benjamin Silbermann selling a combined total of 131,000 shares valued at over $4.4 million recently.
• Several brokerages have upgraded Pinterest's stock ratings, with price targets now reaching up to $45.00, reflecting positive sentiment regarding the company's outlook.

Pinterest, Inc. (NYSE:PINS - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 28,150,000 shares, agrowthof26.0% from the July 15th total of 22,340,000 shares. Based on an average daily trading volume, of 11,390,000 shares, the days-to-cover ratio is presently 2.5 days. Currently,4.5% of the shares of the stock are sold short. Currently,4.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,390,000 shares, the days-to-cover ratio is presently 2.5 days.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 29,606 shares of Pinterest stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total value of $1,014,005.50. Following the completion of the transaction, the chief financial officer directly owned 362,890 shares of the company's stock, valued at $12,428,982.50. The trade was a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $33.21, for a total value of $3,390,176.43. Following the completion of the transaction, the director directly 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 disclosure for this sale can be found here. Insiders sold 987,287 shares of company stock valued at $34,626,200 over the last ninety days. 7.06% of the stock is currently owned by company insiders.

Institutional Trading of Pinterest

Large investors have recently bought and sold shares of the business. Snowden Capital Advisors LLC grew its stake in shares of Pinterest by 4.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company's stock worth $253,000 after acquiring an additional 296 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Pinterest by 10.1% during the 2nd quarter. Penserra Capital Management LLC now owns 3,259 shares of the company's stock worth $115,000 after acquiring an additional 300 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company's stock valued at $340,000 after buying an additional 358 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of Pinterest by 3.6% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company's stock valued at $369,000 after buying an additional 359 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC boosted its holdings in shares of Pinterest by 5.8% in the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company's stock valued at $237,000 after buying an additional 361 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Pinterest Price Performance

Shares of PINS stock opened at $35.4850 on Thursday. The stock has a market cap of $24.13 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.74 and a beta of 0.78. The stock has a 50-day moving average of $36.27 and a 200-day moving average of $33.27. Pinterest has a one year low of $23.68 and a one year high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (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 period in the previous year, the company posted $0.29 earnings per share. Pinterest's revenue for the quarter was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Pinterest will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PINS. Sanford C. Bernstein boosted their price objective on Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Barclays boosted their price objective on Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Cowen reissued a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Bank of America boosted their price objective on Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Guggenheim reissued a "buy" rating on shares of Pinterest in a report on Monday, July 28th. Twenty-five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.40.

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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