Smartleaf Asset Management LLC Buys 476 Shares of Pinterest, Inc. $PINS

Smartleaf Asset Management LLC boosted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 18.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,040 shares of the company’s stock after buying an additional 476 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Pinterest were worth $96,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in Pinterest by 73.9% during the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company’s stock valued at $2,760,000 after buying an additional 37,829 shares during the period. Sequoia Financial Advisors LLC bought a new position in Pinterest during the first quarter valued at about $235,000. Concurrent Investment Advisors LLC bought a new position in Pinterest during the first quarter valued at about $261,000. Wealth Enhancement Advisory Services LLC grew its position in Pinterest by 21.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company’s stock valued at $3,478,000 after buying an additional 19,552 shares during the period. Finally, Revolve Wealth Partners LLC bought a new position in Pinterest during the fourth quarter valued at about $252,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Trading Up 1.7%

Shares of Pinterest stock opened at $36.77 on Friday. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90. The company has a market cap of $25.00 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.45 and a beta of 0.78. The company’s 50-day moving average price is $36.43 and its 200-day moving average price is $33.28.

Pinterest (NYSE:PINS) last announced 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). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million during the quarter, compared to analysts’ expectations of $973.42 million. During the same period in the previous year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on PINS. Piper Sandler set a $40.00 price objective on shares of Pinterest in a report on Friday, August 8th. Wall Street Zen downgraded shares of Pinterest from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Benchmark upped their price objective on shares of Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 24th. TD Cowen upped their price objective on shares of Pinterest from $40.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, July 15th. Finally, Sanford C. Bernstein upped their price objective on shares of Pinterest from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

Insider Activity

In other news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $36.03, for a total value of $3,678,050.49. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $38.58, for a total transaction of $771,600.00. Following the completion of the sale, the chief technology officer directly owned 428,823 shares in the company, valued at approximately $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 sold 1,094,279 shares of company stock valued at $38,832,184. 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.