Zacks Research Analysts Cut Earnings Estimates for Pinterest

Pinterest, Inc. (NYSE:PINS - Free Report) - Analysts at Zacks Research cut their FY2027 earnings estimates for Pinterest in a research report issued on Monday, June 9th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.18 for the year, down from their prior forecast of $1.21. The consensus estimate for Pinterest's current full-year earnings is $0.60 per share.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The company had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. During the same period last year, the firm posted $0.17 EPS. The company's revenue was up 15.5% compared to the same quarter last year.

A number of other brokerages have also issued reports on PINS. Benchmark dropped their target price on shares of Pinterest from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Piper Sandler lowered their price target on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a report on Thursday, May 15th. The Goldman Sachs Group lowered their price target on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley boosted their price target on shares of Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.42.

Pinterest Price Performance

PINS stock traded down $0.73 on Wednesday, reaching $34.02. 6,298,066 shares of the company were exchanged, compared to its average volume of 10,906,502. Pinterest has a 12 month low of $23.68 and a 12 month high of $45.19. The stock's fifty day moving average price is $29.12 and its 200 day moving average price is $31.45. The firm has a market capitalization of $23.07 billion, a PE ratio of 12.65, a PEG ratio of 1.95 and a beta of 0.91.

Institutional Trading of Pinterest

Large investors have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC bought a new stake in Pinterest during the 1st quarter worth approximately $25,000. Garde Capital Inc. bought a new stake in Pinterest during the 1st quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new stake in Pinterest during the 4th quarter worth approximately $28,000. NBC Securities Inc. increased its stake 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 purchasing an additional 999 shares in the last quarter. Finally, American National Bank & Trust bought a new position in shares of Pinterest during the 1st quarter worth approximately $32,000. 88.81% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $34.81, for a total value of $3,553,509.23. Following the completion of the sale, the director now directly owns 8,414 shares of the company's stock, valued at $292,891.34. This represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $31.86, for a total value of $119,761.74. Following the completion of the sale, the chief accounting officer now directly owns 171,373 shares of the company's stock, valued at approximately $5,459,943.78. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,177,104 shares of company stock valued at $38,592,423 in the last ninety days. 7.06% of the stock is owned by insiders.

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.