Pinterest, Inc. (NYSE:PINS) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Pinterest, Inc. (NYSE:PINS) has received a consensus rating of "Moderate Buy" from 30 analysts, with 25 recommending buy and 5 hold recommendations.
• The average 12-month price target for Pinterest among analysts is $42.40, while recent price targets have been set as high as $45.00 by Morgan Stanley and Sanford C. Bernstein.
• Pinterest reported a revenue of $998.23 million for the last quarter, exceeding expectations, though it missed the earnings per share estimate by $0.01.

Pinterest, Inc. (NYSE:PINS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirty ratings firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and twenty-five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $42.40.

Several research firms have weighed in on PINS. Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Thursday, May 15th. Cowen restated a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Bank of America increased their price target on shares of Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company set a $42.00 price objective on shares of Pinterest and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Benchmark boosted their price objective on shares of Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th.

Pinterest Stock Performance

Shares of NYSE:PINS traded up $0.38 during midday trading on Tuesday, reaching $37.11. The company had a trading volume of 4,578,998 shares, compared to its average volume of 10,782,629. The company has a fifty day simple moving average of $36.59 and a two-hundred day simple moving average of $33.21. Pinterest has a 1-year low of $23.68 and a 1-year high of $40.90. The firm has a market cap of $25.23 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77.

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

Insiders Place Their Bets

In related news, CFO Donnelly Julia Brau sold 29,606 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the completion of the transaction, the chief financial officer owned 362,890 shares of the company's stock, valued at $12,428,982.50. This trade represents a 7.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $36.01, for a total value of $3,676,008.83. Following the sale, the director directly owned 8,414 shares of the company's stock, valued at $302,988.14. This trade represents a 92.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 992,196 shares of company stock worth $35,442,008. 7.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pinterest

Several hedge funds and other institutional investors have recently modified their holdings of PINS. Snowden Capital Advisors LLC boosted its holdings in Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company's stock worth $253,000 after acquiring an additional 296 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Pinterest by 10.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,259 shares of the company's stock worth $115,000 after acquiring an additional 300 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company's stock worth $340,000 after purchasing an additional 358 shares in the last quarter. Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of Pinterest by 3.6% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company's stock valued at $369,000 after purchasing an additional 359 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC lifted its stake in Pinterest by 5.8% in the second quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company's stock worth $237,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

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.