Pinterest (PINS) Projected to Post Quarterly Earnings on Thursday

Pinterest (NYSE:PINS - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $848.49 million for the quarter. Pinterest has set its Q1 2025 guidance at EPS.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, analysts expect Pinterest to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pinterest Trading Down 1.6 %

Shares of NYSE:PINS traded down $0.45 during trading on Tuesday, reaching $27.03. The company's stock had a trading volume of 9,185,631 shares, compared to its average volume of 10,377,950. The stock has a market capitalization of $18.33 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. Pinterest has a 12 month low of $23.68 and a 12 month high of $45.19. The firm's 50 day simple moving average is $29.30 and its two-hundred day simple moving average is $31.29.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Pinterest from $42.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada boosted their price objective on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Wedbush reiterated an "outperform" rating on shares of Pinterest in a report on Tuesday, April 15th. Finally, Raymond James lowered shares of Pinterest from an "overweight" rating to a "market perform" rating in a research report on Monday, April 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.60.

Insider Activity at Pinterest

In related news, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the transaction, the chief accounting officer now owns 144,129 shares of the company's stock, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total transaction of $31,050.00. Following the completion of the sale, the director now directly owns 26,786 shares in the company, valued at approximately $723,222. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 453,836 shares of company stock valued at $14,828,392 in the last ninety days. Corporate insiders own 7.11% of the company's stock.

Hedge Funds Weigh In On Pinterest

An institutional investor recently bought a new position in Pinterest stock. Revolve Wealth Partners LLC acquired a new position in Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,681 shares of the company's stock, valued at approximately $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.