Zevenbergen Capital Investments LLC Grows Stock Position in Pinterest, Inc. $PINS

Zevenbergen Capital Investments LLC increased its holdings in Pinterest, Inc. (NYSE:PINS) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 426,495 shares of the company’s stock after buying an additional 44,970 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Pinterest were worth $15,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Pinterest by 73.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company’s stock worth $2,760,000 after buying an additional 37,829 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Pinterest in the 1st quarter worth about $235,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Pinterest in the 1st quarter worth about $261,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Pinterest by 21.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company’s stock worth $3,478,000 after buying an additional 19,552 shares in the last quarter. Finally, Revolve Wealth Partners LLC purchased a new stake in shares of Pinterest in the 4th quarter worth about $252,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $34.82, for a total transaction of $3,554,530.06. Following the completion of the transaction, the director owned 8,414 shares of the company’s stock, valued at $292,975.48. This represents a 92.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 1,088,005 shares of company stock worth $39,037,739. Corporate insiders own 7.06% of the company’s stock.

Pinterest Price Performance

NYSE PINS opened at $35.04 on Friday. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The company has a 50-day moving average of $36.68 and a 200-day moving average of $33.10. The company has a market cap of $23.82 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.46 and a beta of 0.77.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $973.42 million. During the same period in the prior year, the company earned $0.29 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PINS. Monness Crespi & Hardt boosted their price objective on shares of Pinterest from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Wall Street Zen lowered shares of Pinterest from a “buy” rating to a “hold” rating in a report on Sunday, September 7th. Susquehanna restated a “positive” rating and issued a $42.00 target price on shares of Pinterest in a report on Friday, August 8th. Wedbush upped their target price on shares of Pinterest from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Barclays upped their target price on shares of Pinterest from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.40.

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.