Guild Investment Management Inc. increased its position in Pinterest, Inc. (NYSE:PINS – Free Report) by 47.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,955 shares of the company’s stock after buying an additional 11,250 shares during the quarter. Guild Investment Management Inc.’s holdings in Pinterest were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS increased its stake in shares of Pinterest by 8.0% in the second quarter. KLP Kapitalforvaltning AS now owns 412,200 shares of the company’s stock valued at $14,781,000 after buying an additional 30,500 shares during the period. OLD National Bancorp IN increased its stake in shares of Pinterest by 3.6% in the second quarter. OLD National Bancorp IN now owns 472,949 shares of the company’s stock valued at $16,960,000 after buying an additional 16,582 shares during the period. LGT Fund Management Co Ltd. acquired a new position in shares of Pinterest in the second quarter valued at approximately $401,000. Hennessy Advisors Inc. acquired a new position in shares of Pinterest in the second quarter valued at approximately $130,000. Finally, Ameritas Advisory Services LLC increased its stake in shares of Pinterest by 5.5% in the second quarter. Ameritas Advisory Services LLC now owns 44,274 shares of the company’s stock valued at $1,588,000 after buying an additional 2,328 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.
Insiders Place Their Bets
In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $302,988.14. This represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $38.58, for a total value of $771,600.00. Following the transaction, the chief technology officer owned 428,823 shares in the company, valued at $16,543,991.34. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 865,552 shares of company stock worth $31,242,397. Corporate insiders own 7.11% of the company’s stock.
Pinterest Stock Performance
Pinterest (NYSE:PINS – Get Free Report) last posted its quarterly 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). The business had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.Pinterest’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.
Analysts Set New Price Targets
PINS has been the subject of several recent research reports. Sanford C. Bernstein upped their price objective on Pinterest from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded shares of Pinterest from a “buy” rating to a “hold” rating in a research report on Saturday. Monness Crespi & Hardt increased their target price on shares of Pinterest from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Mizuho initiated coverage on shares of Pinterest in a research report on Monday, September 29th. They set an “outperform” rating and a $50.00 target price for the company. Finally, Stifel Nicolaus increased their target price on shares of Pinterest from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.63.
Check Out Our Latest Report on PINS
Pinterest 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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