Wealth Enhancement Advisory Services LLC raised its stake in Pinterest, Inc. (NYSE:PINS – Free Report) by 39.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,354 shares of the company’s stock after purchasing an additional 30,194 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Pinterest were worth $3,338,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of PINS. Golden State Wealth Management LLC grew its stake in shares of Pinterest by 282.7% in the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after buying an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC boosted its holdings in Pinterest by 505.7% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock worth $27,000 after acquiring an additional 713 shares during the period. Wellington Shields Capital Management LLC acquired a new stake in Pinterest in the second quarter valued at approximately $40,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Pinterest during the second quarter valued at approximately $45,000. Finally, Quent Capital LLC acquired a new position in shares of Pinterest during the third quarter worth $55,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.
Pinterest Stock Performance
NYSE:PINS opened at $23.50 on Wednesday. The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91. Pinterest, Inc. has a one year low of $23.22 and a one year high of $40.90. The stock has a 50-day simple moving average of $26.20 and a 200 day simple moving average of $31.45.
Pinterest News Summary
Here are the key news stories impacting Pinterest this week:
- Positive Sentiment: Benzinga notes Pinterest has surged into the top tier of growth stocks and highlights the company’s growth potential even as it restructures; the piece frames the AI pivot as a strategic move that could drive medium-term revenue/engagement gains. Pinterest Tops Growth Despite Announcing Restructuring And Job Cuts
- Positive Sentiment: Goldman Sachs (covered in InsiderMonkey) maintained a Buy on PINS, trimming the price target from $36 to $32 but leaving meaningful upside (~24%) — an analyst vote of confidence that can support the stock as restructuring costs are digested. Stability in Q4 Generates Positive Views on Pinterest (PINS)
- Neutral Sentiment: Pinned to a regulatory filing: the company is cutting under 15% of staff (about 700 roles reported by outlets) and will reduce office space, with the restructuring expected to complete by late September — the timeline moderates immediate fiscal impact but signals multi-quarter transition costs. Pinterest to Cut Roughly 15% of Staff in Shift to AI Focus
- Negative Sentiment: Major outlets (Reuters) and others reported the workforce reduction and resource reallocation to AI, which has rattled investors and increased short-term uncertainty about execution and near-term margins. Pinterest cuts nearly 15% jobs to redirect resources to AI
- Negative Sentiment: Market reaction included a sharp intraday sell-off in the prior session (Zacks noted a roughly 9.6% drop), reflecting investor concern over the restructuring, execution risks for the AI push, and possible near-term revenue/margin impact. Pinterest (PINS) Stock Falls Amid Market Uptick: What Investors Need to Know
- Negative Sentiment: Coverage (CNBC/WSJ/TechCrunch) emphasized investor shock and short-term downside as the company cuts jobs and reallocates spending; headlines have pressured sentiment even as management positions the company for AI-driven growth. Pinterest laying off 15% of workforce in push toward AI roles and teams
Insiders Place Their Bets
In other news, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $590,151.06. Following the transaction, the chief financial officer directly owned 540,358 shares in the company, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Malik Ducard sold 6,000 shares of Pinterest stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $155,160.00. Following the completion of the transaction, the insider directly owned 699,773 shares of the company’s stock, valued at $18,096,129.78. This trade represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,161 shares of company stock valued at $2,796,466 over the last 90 days. 7.11% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on PINS shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $30.00 price target (down from $49.00) on shares of Pinterest in a report on Wednesday, November 5th. Citigroup reissued a “buy” rating on shares of Pinterest in a research report on Wednesday, November 5th. Benchmark dropped their target price on Pinterest from $48.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. The Goldman Sachs Group reduced their price target on Pinterest from $36.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Finally, Cantor Fitzgerald lowered their price objective on Pinterest from $40.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.64.
Check Out Our Latest Stock Analysis on Pinterest
Pinterest Profile
Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.
The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.
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