FY2028 EPS Estimates for Pinterest Lowered by Zacks Research

Key Points

• Zacks Research lowered Pinterest’s FY2028 EPS estimate to $1.04 from $1.05 and maintained a “Strong Sell” rating, while the current-year consensus estimate is $0.58 per share.
• Pinterest recently beat quarterly expectations, reporting $0.43 EPS versus $0.36 expected and $1.18 billion in revenue, up 18.2% year over year.
• Market sentiment remains mixed: analysts’ consensus rating is “Hold” with an average price target of $27.90, while insiders sold approximately $14.7 million worth of shares over the past 90 days.

Pinterest, Inc. (NYSE:PINS - Free Report) - Equities research analysts at Zacks Research dropped their FY2028 earnings estimates for Pinterest in a research report issued on Wednesday, October 14th. Zacks Research analyst Team now forecasts that the company will post earnings of $1.04 per share for the year, down from their prior estimate of $1.05. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Pinterest's current full-year earnings is $0.58 per share.

PINS has been the subject of a number of other reports. Wall Street Zen upgraded Pinterest from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Cantor Fitzgerald restated an "overweight" rating and set a $30.00 price objective on shares of Pinterest in a research note on Wednesday, August 5th. Royal Bank Of Canada increased their target price on Pinterest from $23.00 to $25.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Weiss Ratings raised Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 28th. Finally, Citigroup lifted their target price on Pinterest from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Eighteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $27.90.

Pinterest Stock Performance

Shares of Pinterest stock opened at $21.76 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest has a 1 year low of $13.84 and a 1 year high of $35.42. The firm's 50-day simple moving average is $21.00 and its 200-day simple moving average is $20.89. The firm has a market cap of $12.19 billion, a PE ratio of 64.00, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The firm's revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS.

Insider Activity

In other Pinterest news, CFO Julia Donnelly sold 59,096 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $23.48, for a total value of $1,387,574.08. Following the transaction, the chief financial officer owned 817,409 shares of the company's stock, valued at $19,192,763.32. This trade represents a 6.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 93,750 shares of Pinterest stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $21.43, for a total value of $2,009,062.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 691,827 shares of company stock valued at $14,708,582 over the last ninety days. Company insiders own 8.09% of the company's stock.

Institutional Trading of Pinterest

Several hedge funds have recently made changes to their positions in PINS. Resona Asset Management Co. Ltd. boosted its stake in Pinterest by 0.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 173,648 shares of the company's stock valued at $3,176,000 after purchasing an additional 785 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company's stock worth $29,000 after buying an additional 1,049 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Pinterest by 13.6% in the 2nd quarter. GAMMA Investing LLC now owns 10,929 shares of the company's stock worth $230,000 after buying an additional 1,308 shares in the last quarter. Allworth Financial LP raised its stake in shares of Pinterest by 8.7% in the 2nd quarter. Allworth Financial LP now owns 16,941 shares of the company's stock worth $356,000 after buying an additional 1,360 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Pinterest by 31.7% in the first quarter. Parallel Advisors LLC now owns 5,780 shares of the company's stock valued at $106,000 after buying an additional 1,390 shares during the period. Institutional investors own 88.81% of the company's stock.

About Pinterest

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.

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