Voya Investment Management LLC Grows Stake in Pinterest, Inc. $PINS

Voya Investment Management LLC raised its stake in Pinterest, Inc. (NYSE:PINS) by 23.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,377,109 shares of the company’s stock after purchasing an additional 259,485 shares during the quarter. Voya Investment Management LLC’s holdings in Pinterest were worth $42,690,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC purchased a new position in Pinterest in the fourth quarter valued at about $252,000. Baird Financial Group Inc. raised its position in Pinterest by 18.3% in the fourth quarter. Baird Financial Group Inc. now owns 7,257 shares of the company’s stock valued at $210,000 after purchasing an additional 1,124 shares during the period. Cetera Investment Advisers raised its position in Pinterest by 41.5% in the fourth quarter. Cetera Investment Advisers now owns 85,980 shares of the company’s stock valued at $2,493,000 after purchasing an additional 25,233 shares during the period. Janus Henderson Group PLC raised its position in Pinterest by 7.0% in the fourth quarter. Janus Henderson Group PLC now owns 43,640 shares of the company’s stock valued at $1,265,000 after purchasing an additional 2,864 shares during the period. Finally, NorthRock Partners LLC acquired a new stake in shares of Pinterest during the fourth quarter valued at about $312,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on PINS shares. KeyCorp raised their target price on Pinterest from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Cowen restated a “buy” rating on shares of Pinterest in a research note on Friday, August 8th. UBS Group lifted their target price on Pinterest from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Guggenheim restated a “buy” rating on shares of Pinterest in a research note on Tuesday, September 2nd. Finally, Oppenheimer restated an “outperform” rating on shares of Pinterest in a research note on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and a consensus price target of $42.40.

Insiders Place Their Bets

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $34.82, for a total transaction of $3,554,530.06. Following the completion of the transaction, the director owned 8,414 shares of the company’s stock, valued at $292,975.48. This trade represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 1,088,005 shares of company stock worth $39,037,739 over the last ninety days. Company insiders own 7.06% of the company’s stock.

Pinterest Trading Up 0.2%

PINS opened at $35.04 on Friday. The business’s 50 day moving average is $36.68 and its 200-day moving average is $33.10. The stock has a market cap of $23.82 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.77. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90.

Pinterest (NYSE:PINS) last released its 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). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same quarter last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Pinterest 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.