Guggenheim Reaffirms "Buy" Rating for Pinterest (NYSE:PINS)

Key Points

• Guggenheim has reaffirmed its "Buy" rating for Pinterest (NYSE:PINS), reflecting positive sentiment toward the company's stock performance.
• Wells Fargo set a target price of $42.00 for Pinterest, while other analysts, including Sanford C. Bernstein and Citigroup, have increased their target prices up to $50.00.
• Pinterest's recent earnings report showed a revenue increase of 16.9% year-over-year, although it missed EPS estimates slightly, reporting $0.33 compared to the expected $0.34.

Pinterest (NYSE:PINS - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Guggenheim in a research note issued to investors on Tuesday,Benzinga reports.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Sanford C. Bernstein boosted their price objective on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Morgan Stanley upgraded Pinterest from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $37.00 to $45.00 in a report on Monday, July 21st. Citigroup restated a "buy" rating and set a $50.00 price objective (up previously from $44.00) on shares of Pinterest in a report on Friday, August 8th. Finally, Cowen restated a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.40.

Pinterest Stock Performance

NYSE:PINS traded down $0.41 during trading hours on Tuesday, reaching $36.22. The stock had a trading volume of 1,416,392 shares, compared to its average volume of 11,570,779. Pinterest has a 52 week low of $23.68 and a 52 week high of $40.90. The company has a 50 day moving average price of $36.53 and a two-hundred day moving average price of $33.16. The stock has a market capitalization of $24.63 billion, a PE ratio of 13.00, a PEG ratio of 1.47 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data 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). 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 the consensus estimate of $973.42 million. During the same period in the previous year, the firm earned $0.29 EPS. The business's revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts predict that Pinterest will post 0.6 EPS for the current year.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total value of $3,390,176.43. Following the completion of the transaction, the director directly owned 8,414 shares of the company's stock, valued at approximately $279,428.94. The trade was a 92.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 1,094,279 shares of company stock valued at $38,832,184. Insiders own 7.11% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC bought a new position in shares of Pinterest in the 1st quarter worth $25,000. Golden State Wealth Management LLC increased its position in Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company's stock valued at $25,000 after buying an additional 506 shares in the last quarter. Garde Capital Inc. acquired a new position in Pinterest during the 1st quarter valued at about $26,000. NBC Securities Inc. increased its position in Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after buying an additional 999 shares in the last quarter. Finally, American National Bank & Trust acquired a new position in Pinterest during the 1st quarter valued at about $32,000. 88.81% of the stock is owned by institutional investors.

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.

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.