Pinterest (NYSE:PINS) Rating Lowered to Hold at Wall Street Zen

Key Points

• Pinterest's stock rating has been downgraded from "buy" to "hold" by Wall Street Zen, reflecting a shift in analyst sentiment.
• The stock has a consensus rating of "Moderate Buy" with a target price of $42.40, despite recent mixed earnings results.
• Insider activity shows significant selling, with a director selling over 100,000 shares, reducing their ownership by 92.39% in a recent transaction.

Pinterest (NYSE:PINS - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday.

PINS has been the topic of a number of other research reports. Piper Sandler set a $40.00 target price on Pinterest in a research report on Friday, August 8th. JPMorgan Chase & Co. raised Pinterest from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Susquehanna reissued a "positive" rating and issued a $42.00 target price on shares of Pinterest in a research report on Friday, August 8th. UBS Group boosted their target price on Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Wedbush boosted their target price on Pinterest from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Stock Performance

PINS stock opened at $37.89 on Friday. The firm has a market cap of $25.77 billion, a PE ratio of 13.58, a PEG ratio of 1.59 and a beta of 0.77. The firm's 50 day moving average price is $36.66 and its 200-day moving average price is $33.15. Pinterest has a one year low of $23.68 and a one year high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts predict that Pinterest will post 0.6 EPS for the current fiscal year.

Insider Activity at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $37.95, for a total transaction of $3,874,049.85. Following the completion of the transaction, the director owned 8,414 shares in the company, valued at approximately $319,311.30. The trade was a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 1,088,005 shares of company stock worth $39,009,156 in the last three months. Insiders own 7.06% of the company's stock.

Hedge Funds Weigh In On Pinterest

Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of Pinterest by 73.9% during the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after purchasing an additional 37,829 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Pinterest during the first quarter worth $235,000. Concurrent Investment Advisors LLC acquired a new position in shares of Pinterest during the first quarter worth $261,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Pinterest by 21.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after purchasing an additional 19,552 shares in the last quarter. Finally, Revolve Wealth Partners LLC acquired a new position in shares of Pinterest during the fourth quarter worth $252,000. Institutional investors and hedge funds 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.

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