<div id="readability-page-1"><p>Congress Asset Management Co. acquired a new stake in  Pinterest, Inc. (NYSE:PINS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,301,060 shares of the company's stock, valued at approximately $82,516,000. Congress Asset Management Co. owned about 0.34% of Pinterest as of its most recent filing with the SEC.</p><ul><li>2 Tech Stock Bargains Offering Buy the Dip Opportunities</li></ul><p>A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bartlett &amp; CO. Wealth Management LLC acquired a new stake in shares of  Pinterest in the first quarter valued at $25,000.  Garde Capital Inc. acquired a new position in  Pinterest during the 1st quarter worth about $26,000.  NBC Securities Inc. grew its holdings in  Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after acquiring an additional 999 shares during the last quarter.  American National Bank &amp; Trust acquired a new stake in  Pinterest in the 1st quarter valued at about $32,000.  Finally, Golden State Wealth Management LLC raised its stake in shares of  Pinterest by 665.4% in 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 during the last quarter. Institutional investors and hedge funds own  88.81% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>PINS has been the topic of several research analyst reports. Citigroup  reissued a &#34;buy&#34; rating and set a $50.00 price target (up from $44.00) on shares of Pinterest in a research note on Friday, August 8th. Sanford C. Bernstein upped their price objective on Pinterest from $40.00 to $45.00 and gave the stock an &#34;outperform&#34; rating in a report on Tuesday, July 22nd. Wall Street Zen cut Pinterest from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Sunday, September 7th. Benchmark boosted their target price on Pinterest from $45.00 to $48.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, July 24th. Finally, Susquehanna  reiterated a &#34;positive&#34; rating and issued a $42.00 price target on shares of Pinterest in a report on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating and five have assigned  a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $42.38.</p><ul><li>3 Stocks That Are Potential Takeover Targets in 2025 </li></ul><p><b>View Our Latest Stock Report on PINS</b></p><h2>Insiders Place Their Bets</h2><p>In related news, Director Benjamin Silbermann sold 102,083 shares of the business'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 sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 1,069,710 shares of company stock worth $38,480,848. 7.06% of the stock is owned by company insiders. </p><h2>Pinterest Trading Up 1.2%</h2><ul><li>Reddit: Poised for Growth with Data Licensing and OpenAI Deal</li></ul><p>NYSE PINS opened at $33.40 on Friday. The stock has a 50-day simple moving average of $36.58 and a 200 day simple moving average of $33.13. The company has a market capitalization of $22.71 billion, a PE ratio of 11.97, a P/E/G ratio of 1.38 and a beta of 0.77. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. </p><p>Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The company had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.Pinterest's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS.  Pinterest has set its Q3 2025 guidance at  EPS. As a group, sell-side analysts predict that  Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year. </p><h2>Pinterest Company Profile</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Pinterest</li><li>Why Special Dividends Can be a Delightful Surprise for Income Investors</li><li>Lower Rates Put RV Stocks Back in the Fast Lane</li><li>How to Capture the Benefits of Dividend Increases</li><li>Alphabet: Time to Take Profits, Buy, or Wait for a Pullback?</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>Hershey vs. Mondelez: Which Stock Wins Chocolate Season?</li></ul><p><strong>Want to see what other hedge funds are holding PINS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc. (NYSE:PINS - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBJTlM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBJTlM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Pinterest Right Now?</h2><p>Before you consider Pinterest, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pinterest wasn't on the list.</p><p>While Pinterest currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PINS

<p>Congress Asset Management Co. acquired 2,301,060 shares of Pinterest, Inc. (NYSE:PINS) valued at approximately $82.5 million in Q2, now owning about 0.34% of the company. Other institutional investors also increased their stakes. Analysts have given Pinterest a "Moderate Buy" rating with an average target price of $42.38. The stock is currently trading at $33.40, with a market cap of $22.71 billion. Pinterest reported Q2 earnings of $0.33 EPS, slightly missing estimates, but revenue increased by 16.9% year-over-year.</p>

2,301,060 Shares in Pinterest, Inc. $PINS Acquired by Congress Asset Management Co.