Pallas Capital Advisors LLC Sells 13,270 Shares of Pinterest, Inc. $PINS

Pallas Capital Advisors LLC cut its holdings in Pinterest, Inc. (NYSE:PINS) by 28.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,428 shares of the company’s stock after selling 13,270 shares during the period. Pallas Capital Advisors LLC’s holdings in Pinterest were worth $1,199,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC purchased a new position in Pinterest in the first quarter valued at approximately $25,000. Garde Capital Inc. purchased a new position in Pinterest in the first quarter valued at approximately $26,000. NBC Securities Inc. lifted its stake in Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock valued at $31,000 after purchasing an additional 999 shares during the last quarter. American National Bank & Trust purchased a new position in Pinterest in the first quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC lifted its stake in Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $38,000 after purchasing an additional 1,058 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $34.96, for a total transaction of $3,568,821.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 1,088,005 shares of company stock valued at $39,225,572. 7.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on PINS. Morgan Stanley upgraded Pinterest from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $37.00 to $45.00 in a research note on Monday, July 21st. Citigroup reaffirmed a “buy” rating and issued a $50.00 price target (up from $44.00) on shares of Pinterest in a report on Friday, August 8th. Cowen reaffirmed a “buy” rating on shares of Pinterest in a report on Friday, August 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Pinterest in a report on Friday, August 8th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $42.00 price target on shares of Pinterest in a report on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

Pinterest Stock Down 0.4%

NYSE PINS opened at $36.34 on Friday. The stock’s 50-day simple moving average is $36.72 and its two-hundred day simple moving average is $33.12. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90. The company has a market capitalization of $24.71 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.53 and a beta of 0.77.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $998.23 million for the quarter, compared to analysts’ expectations of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.