Pinterest (NYSE:PINS) Stock Rating Upgraded by Wall Street Zen

Key Points

• Pinterest (NYSE:PINS) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting positive sentiment from analysts.
• Wedbush and Stifel Nicolaus have raised their price targets for Pinterest to $44.00 and $47.00 respectively, suggesting strong potential for growth.
• Pinterest's recent earnings report showed a 16.9% increase in revenue year-over-year, although earnings per share slightly missed expectations by $0.01.

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

PINS has been the topic of a number of other reports. Wedbush lifted their price objective on Pinterest from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus lifted their price objective on Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company set a $42.00 price objective on Pinterest and gave the company an "overweight" rating in a report on Tuesday, July 1st. Guggenheim reaffirmed a "buy" rating on shares of Pinterest in a report on Tuesday, September 2nd. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Pinterest in a report on Friday, August 8th. Twenty-four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.38.

Pinterest Trading Up 0.4%

PINS traded up $0.14 on Friday, hitting $33.59. 8,787,498 shares of the stock traded hands, compared to its average volume of 9,390,401. The business has a fifty day moving average price of $36.51 and a two-hundred day moving average price of $33.14. The firm has a market capitalization of $22.84 billion, a PE ratio of 12.04, a P/E/G ratio of 1.40 and a beta of 0.77. Pinterest has a 52 week low of $23.68 and a 52 week high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The company had revenue of $998.23 million for 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 firm's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Pinterest will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,759 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the sale, the chief accounting officer 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total transaction of $3,558,613.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,069,710 shares of company stock worth $38,480,848. 7.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pinterest

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in Pinterest by 73.9% in the 1st 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 during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Pinterest during the 1st quarter worth about $235,000. Concurrent Investment Advisors LLC acquired a new stake in Pinterest in the 1st quarter valued at about $261,000. Wealth Enhancement Advisory Services LLC lifted its stake in Pinterest by 21.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock valued at $3,478,000 after purchasing an additional 19,552 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Pinterest in the 1st quarter valued at about $15,035,000. 88.81% of the stock is owned by institutional investors and hedge funds.

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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