Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Pinterest, Inc. $PINS

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 138,792 shares of the company’s stock, valued at approximately $3,593,000.

Other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp lifted its holdings in shares of Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after purchasing an additional 883 shares in the last quarter. Elevated Capital Advisors LLC bought a new position in shares of Pinterest during the 4th quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Pinterest by 46.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock valued at $42,000 after purchasing an additional 419 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Pinterest by 2,409.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $44,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Garner Asset Management Corp bought a new position in shares of Pinterest during the 4th quarter valued at about $36,000. Institutional investors own 88.81% of the company’s stock.

Insider Activity

In other news, Director Gokul Rajaram sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the sale, the director owned 27,450 shares in the company, valued at $549,000. This represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Pinterest from $17.00 to $23.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings cut Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. UBS Group boosted their target price on Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, TD Cowen boosted their target price on Pinterest from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.40.

Pinterest Trading Down 0.1%

NYSE PINS opened at $18.82 on Thursday. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 1.02 and a beta of 0.93. The stock’s 50 day moving average price is $19.25 and its two-hundred day moving average price is $22.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. During the same quarter in the previous year, the business posted $0.23 EPS. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, analysts anticipate that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: BMO Capital reiterated an Outperform rating on Pinterest and raised its price target to $30 from $28, citing improving AI-driven ad performance and growth prospects. BMO Capital Sees AI Ad Improvements Supporting Growth at Pinterest (PINS)
• Neutral Sentiment: Several market wrap-up pieces mentioned Pinterest among the day’s big movers, reinforcing that the stock has been volatile and in focus for traders. Stocks making big moves yesterday: Cloudflare, Pinterest, AMD, Agilysys, and Intel
• Negative Sentiment: Multiple law firms announced or promoted securities fraud class action actions tied to Pinterest, with deadlines for investors who lost money to seek lead-plaintiff status. These types of notices can pressure the stock by raising legal overhang and uncertainty. Pinterest, Inc. (PINS) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
• Negative Sentiment: A Reuters/MSN-style note said Pinterest shares were plunging, reflecting the market’s negative reaction to the legal developments and weaker short-term sentiment. Why Pinterest (PINS) shares are plunging today

About Pinterest

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.