OMERS ADMINISTRATION Corp Has $2.09 Million Stock Holdings in Pinterest, Inc. $PINS

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Pinterest, Inc. by 23.8% during the 1st quarter, bringing its total holdings to 67,513 shares worth approximately $2.09 million.
• Pinterest reported a Q2 earnings miss with EPS of $0.33, falling short of the consensus estimate of $0.34, and generated $998.23 million in revenue, exceeding analyst expectations.
• Several analysts have raised their price targets for Pinterest, with most recent ratings indicating an average target price of $42.40, reflecting a strong overall sentiment towards the stock as most analysts rated it a Buy.

OMERS ADMINISTRATION Corp boosted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 23.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 67,513 shares of the company's stock after buying an additional 12,998 shares during the period. OMERS ADMINISTRATION Corp's holdings in Pinterest were worth $2,093,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Pinterest by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock worth $1,798,270,000 after buying an additional 1,263,863 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Pinterest by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock valued at $988,662,000 after purchasing an additional 6,460,143 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Pinterest by 13.7% in the first quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company's stock valued at $480,452,000 after purchasing an additional 1,862,654 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of Pinterest by 10.2% in the first quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock valued at $186,848,000 after purchasing an additional 555,742 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Pinterest by 3.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,793,534 shares of the company's stock valued at $179,600,000 after purchasing an additional 205,879 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Stock Up 0.0%

Shares of Pinterest stock traded up $0.01 during trading on Thursday, reaching $37.13. The company's stock had a trading volume of 3,457,664 shares, compared to its average volume of 11,511,516. The business's 50-day moving average price is $36.59 and its 200-day moving average price is $33.21. The firm has a market cap of $25.24 billion, a PE ratio of 13.31, a P/E/G ratio of 1.47 and a beta of 0.77. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last announced 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 business had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company's revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. Equities analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In other news, CTO Matthew Madrigal sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $38.58, for a total value of $771,600.00. Following the sale, the chief technology officer directly owned 428,823 shares in the company, valued at approximately $16,543,991.34. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the sale, the chief accounting officer owned 157,402 shares in the company, valued at approximately $5,502,773.92. The trade was a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 992,196 shares of company stock valued at $35,442,008. Corporate insiders own 7.11% of the company's stock.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Barclays boosted their target price on shares of Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. BMO Capital Markets lowered their target price on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus boosted their target price on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Sanford C. Bernstein boosted their target price on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Twenty-five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.40.

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.