Pinterest, Inc. $PINS Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Pinterest, Inc. (NYSE:PINS) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,411 shares of the company’s stock after purchasing an additional 883 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Pinterest were worth $481,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PINS. Revolve Wealth Partners LLC acquired a new stake in Pinterest during the fourth quarter valued at approximately $252,000. GAMMA Investing LLC raised its position in shares of Pinterest by 6,326.2% during the 1st quarter. GAMMA Investing LLC now owns 68,696 shares of the company’s stock valued at $2,216,000 after acquiring an additional 67,627 shares in the last quarter. NBC Securities Inc. raised its position in shares of Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock valued at $31,000 after acquiring an additional 999 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Pinterest by 44.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 23,690 shares of the company’s stock worth $734,000 after purchasing an additional 7,299 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Pinterest during the first quarter worth $208,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PINS. Morgan Stanley upgraded shares of Pinterest from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $37.00 to $45.00 in a research note on Monday, July 21st. Wells Fargo & Company set a $42.00 price target on Pinterest and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. KeyCorp increased their price target on Pinterest from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Monness Crespi & Hardt increased their target price on Pinterest from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $42.00 target price on shares of Pinterest in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.63.

Insider Activity

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total value of $795,311.85. Following the transaction, the chief financial officer owned 312,422 shares in the company, valued at approximately $10,887,906.70. This trade represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 967,635 shares of company stock worth $34,866,344. 7.11% of the stock is owned by corporate insiders.

Pinterest Price Performance

PINS opened at $31.91 on Monday. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The stock has a market cap of $21.70 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.34 and a beta of 0.81. The stock’s 50 day moving average price is $35.94 and its 200 day moving average price is $33.18.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business 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%. Pinterest’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Pinterest Company 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.