Pinterest, Inc. (NYSE:PINS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Pinterest, Inc. has received a consensus recommendation of "Moderate Buy" from 29 rating firms, with 24 analysts giving it a buy rating and 5 a hold rating.
• The average price target for Pinterest's stock is $42.38 among brokerages that have issued reports in the last year, with recent increases in target prices from major firms like Bank of America and JPMorgan Chase.
• Pinterest reported a 16.9% year-over-year revenue growth of $998.23 million, although it missed EPS estimates slightly at $0.33 per share for the recent quarter.

Shares of Pinterest, Inc. (NYSE:PINS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-nine ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.3793.

A number of research analysts recently issued reports on the stock. Cowen reiterated a "buy" rating on shares of Pinterest in a research note on Friday, August 8th. Sanford C. Bernstein lifted their price objective on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Bank of America increased their target price on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a report on Friday, August 8th. KeyCorp raised their target price on Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. upgraded Pinterest from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $40.00 in a research note on Tuesday, June 3rd.

Pinterest Trading Up 0.4%

Pinterest stock opened at $33.59 on Friday. The firm has a market capitalization of $22.84 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.40 and a beta of 0.77. Pinterest has a twelve month low of $23.68 and a twelve month high of $40.90. The stock's fifty day simple moving average is $36.51 and its 200-day simple moving average is $33.14.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results 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 net margin of 49.31% and a return on equity of 8.44%. The company had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same period in the prior year, the business earned $0.29 EPS. Pinterest's revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Pinterest will post 0.6 earnings per share for the current year.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total value of $40,250.00. Following the completion of the sale, the director directly owned 30,600 shares of the company's stock, valued at $1,071,000. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $34.96, for a total value of $131,414.64. Following the transaction, the chief accounting officer directly owned 157,402 shares in the company, valued at approximately $5,502,773.92. The trade was a 2.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,069,710 shares of company stock valued at $38,480,848 over the last quarter. 7.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Pinterest

Hedge funds have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC purchased a new position in Pinterest during the 1st quarter worth $25,000. Golden State Wealth Management LLC boosted its stake in shares of Pinterest by 282.7% during the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company's stock worth $25,000 after buying an additional 506 shares during the period. Garde Capital Inc. purchased a new position in shares of Pinterest during the first quarter worth about $26,000. NBC Securities Inc. increased its position in Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after acquiring an additional 999 shares during the period. Finally, American National Bank & Trust acquired a new position in Pinterest in the 1st quarter valued at about $32,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

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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