Pinterest (NYSE:PINS) Stock Price Expected to Rise, Wedbush Analyst Says

Pinterest (NYSE:PINS - Free Report) had its price target hoisted by Wedbush from $40.00 to $42.00 in a research report released on Thursday,Benzinga reports. Wedbush currently has an outperform rating on the stock. Wedbush also issued estimates for Pinterest's Q3 2025 earnings at $0.14 EPS and FY2026 earnings at $0.96 EPS.

Several other equities analysts have also commented on the stock. Oppenheimer upped their price target on shares of Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Stifel Nicolaus reduced their price objective on shares of Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Monness Crespi & Hardt reduced their price objective on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 9th. UBS Group upped their price objective on shares of Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, KeyCorp upped their price objective on shares of Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, Pinterest has an average rating of "Moderate Buy" and an average price target of $41.19.

Pinterest Stock Up 3.2%

NYSE:PINS traded up $1.16 during midday trading on Thursday, reaching $37.24. The stock had a trading volume of 11,532,408 shares, compared to its average volume of 11,086,834. The firm has a fifty day simple moving average of $34.13 and a two-hundred day simple moving average of $32.39. Pinterest has a 12-month low of $23.68 and a 12-month high of $42.02. The stock has a market cap of $25.26 billion, a P/E ratio of 13.59, a P/E/G ratio of 1.83 and a beta of 0.94.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The firm had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. During the same period in the prior year, the business earned $0.17 earnings per share. Pinterest's revenue for the quarter was up 15.5% on a year-over-year basis. On average, sell-side analysts anticipate that Pinterest will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 408,332 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total value of $13,540,289.12. Following the completion of the sale, the director directly owned 6,274 shares of the company's stock, valued at $208,045.84. This trade represents a 98.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 1,381,678 shares of company stock valued at $46,988,343 in the last 90 days. 7.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pinterest

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in Pinterest in the 1st quarter worth $25,000. Garde Capital Inc. purchased a new stake in Pinterest in the 1st quarter worth $26,000. NBC Securities Inc. increased its stake in Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after buying an additional 999 shares in the last quarter. American National Bank & Trust purchased a new stake in Pinterest in the 1st quarter worth $32,000. Finally, West Branch Capital LLC purchased a new stake in Pinterest in the 2nd quarter worth $36,000. 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.