Mizuho Upgrades Pinterest (NYSE:PINS) to Strong-Buy

Key Points

• Mizuho analysts upgraded Pinterest (NYSE:PINS) to a strong-buy rating, highlighting increased confidence in the company's performance.
• Bank of America raised its price target for Pinterest from $41.00 to $44.00, while multiple brokerages have issued "buy" ratings on the stock.
• Pinterest reported a net revenue of $998.23 million for the last quarter, exceeding analyst expectations and marking a 16.9% year-over-year increase.

Pinterest (NYSE:PINS - Get Free Report) was upgraded by analysts at Mizuho to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

Several other brokerages have also issued reports on PINS. Bank of America boosted their price target on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wall Street Zen raised Pinterest from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. 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. TD Cowen boosted their price objective on Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Finally, Guggenheim restated a "buy" rating on shares of Pinterest in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.63.

Pinterest Stock Performance

Shares of PINS opened at $32.18 on Monday. Pinterest has a 52-week low of $23.68 and a 52-week high of $40.90. The business's 50 day moving average price is $36.29 and its two-hundred day moving average price is $33.16. The firm has a market cap of $21.88 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same period last year, the firm posted $0.29 earnings per share. Pinterest's quarterly revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Research analysts predict that Pinterest will post 0.6 EPS for the current fiscal year.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total value of $40,250.00. Following the sale, the director owned 30,600 shares of the company's stock, valued at $1,071,000. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 967,627 shares of company stock worth $34,866,089. Insiders own 7.11% of the company's stock.

Institutional Investors Weigh In On Pinterest

Several institutional investors have recently bought and sold shares of the stock. CacheTech Inc. bought a new stake in Pinterest during the second quarter worth $207,000. Adams Wealth Management bought a new stake in Pinterest during the second quarter worth $207,000. Osaic Holdings Inc. grew its holdings in Pinterest by 9.7% during the second quarter. Osaic Holdings Inc. now owns 76,273 shares of the company's stock worth $2,729,000 after buying an additional 6,726 shares in the last quarter. Centaurus Financial Inc. grew its holdings in Pinterest by 3.9% during the second quarter. Centaurus Financial Inc. now owns 40,028 shares of the company's stock worth $1,435,000 after buying an additional 1,498 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its holdings in Pinterest by 133.1% during the second quarter. Orion Porfolio Solutions LLC now owns 18,798 shares of the company's stock worth $674,000 after buying an additional 10,734 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Pinterest Company 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.

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