Pinterest, Inc. $PINS Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Pinterest by 23.2%, owning approximately 1.38 million shares valued at about $42.7 million as of its latest SEC filing.
• Pinterest's latest quarterly earnings showed a 16.9% revenue increase compared to the previous year, with earnings per share of $0.33, slightly missing analysts' expectations of $0.34.
• The consensus rating for Pinterest's stock from analysts is a "Moderate Buy", with an average price target of $42.40.

Voya Investment Management LLC increased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 23.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,377,109 shares of the company's stock after acquiring an additional 259,485 shares during the period. Voya Investment Management LLC owned approximately 0.20% of Pinterest worth $42,690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PINS. Revolve Wealth Partners LLC acquired a new stake in shares of Pinterest in the 4th quarter worth approximately $252,000. Baird Financial Group Inc. lifted its stake in Pinterest by 18.3% in the 4th quarter. Baird Financial Group Inc. now owns 7,257 shares of the company's stock valued at $210,000 after buying an additional 1,124 shares in the last quarter. Cetera Investment Advisers lifted its stake in Pinterest by 41.5% in the 4th quarter. Cetera Investment Advisers now owns 85,980 shares of the company's stock valued at $2,493,000 after buying an additional 25,233 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Pinterest by 7.0% in the 4th quarter. Janus Henderson Group PLC now owns 43,640 shares of the company's stock valued at $1,265,000 after buying an additional 2,864 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new stake in Pinterest in the 4th quarter valued at approximately $312,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Stock Up 0.2%

Shares of Pinterest stock opened at $35.04 on Friday. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The firm has a market cap of $23.82 billion, a PE ratio of 12.56, a P/E/G ratio of 1.46 and a beta of 0.77. The business's fifty day moving average is $36.68 and its two-hundred day moving average is $33.10.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share 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 analysts' expectations of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The company's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Analyst Ratings Changes

PINS has been the topic of a number of recent research reports. Monness Crespi & Hardt upped their target price on Pinterest from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Guggenheim reaffirmed a "buy" rating on shares of Pinterest in a research note on Tuesday, September 2nd. Susquehanna reaffirmed a "positive" rating and issued a $42.00 target price on shares of Pinterest in a research note on Friday, August 8th. Cowen reaffirmed a "buy" rating on shares of Pinterest in a research note on Friday, August 8th. Finally, Piper Sandler set a $40.00 price target on Pinterest in a research note on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Pinterest presently has a consensus rating of "Moderate Buy" and an average price target of $42.40.

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $34.82, for a total value of $3,554,530.06. Following the transaction, the director directly owned 8,414 shares of the company's stock, valued at approximately $292,975.48. This trade represents a 92.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 1,088,005 shares of company stock valued at $39,037,739. Company insiders own 7.06% of the company's stock.

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.

Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc. (NYSE:PINS - Free Report).

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.