Congress Asset Management Co. Buys Shares of 2,301,060 Pinterest, Inc. $PINS

Congress Asset Management Co. purchased a new position in Pinterest, Inc. (NYSE:PINS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,301,060 shares of the company’s stock, valued at approximately $82,516,000.

Several other institutional investors have also modified their holdings of PINS. Bartlett & CO. Wealth Management LLC bought a new stake in Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. bought 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 buying an additional 999 shares in the last quarter. American National Bank & Trust acquired a new position in shares of Pinterest in the first quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC increased its position in shares of Pinterest by 665.4% during the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company’s stock worth $38,000 after acquiring an additional 1,058 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling at Pinterest

In related 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 filing with the SEC, which is available through this hyperlink. Insiders have sold 1,069,710 shares of company stock valued at $38,480,848 over the last three months. 7.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PINS has been the topic of several research reports. Wells Fargo & Company set a $42.00 price objective on shares of Pinterest and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Citigroup restated 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. Piper Sandler set a $40.00 price objective on Pinterest in a research report on Friday, August 8th. Barclays increased 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. Finally, UBS Group boosted their target price on Pinterest from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Twenty-four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.38.

Pinterest Stock Performance

NYSE:PINS opened at $33.40 on Friday. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The company has a market cap of $22.71 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.38 and a beta of 0.77. The stock’s 50-day simple moving average is $36.58 and its 200 day simple moving average is $33.13.

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

About Pinterest

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.