Q3 Earnings Estimate for Pinterest Issued By Zacks Research

Key Points

• Zacks Research has increased its Q3 2027 earnings estimate for Pinterest to $0.36 per share, up from a prior forecast of $0.35.
• Pinterest's average price target among analysts is $42.67, with a majority rating the stock as a "Buy" or "Strong Buy".
• Insider trading activity saw significant sales, with the CFO selling over 22,000 shares and other insiders disposing of a total of 640,236 shares valued at approximately $22.9 million in the last quarter.

Pinterest, Inc. (NYSE:PINS - Free Report) - Zacks Research upped their Q3 2027 earnings estimates for Pinterest in a research note issued to investors on Tuesday, October 28th. Zacks Research analyst Team now anticipates that the company will earn $0.36 per share for the quarter, up from their previous forecast of $0.35. The consensus estimate for Pinterest's current full-year earnings is $0.60 per share. Zacks Research also issued estimates for Pinterest's FY2027 earnings at $1.36 EPS.

PINS has been the topic of a number of other research reports. Piper Sandler set a $40.00 price objective on shares of Pinterest in a research report on Friday, August 8th. TD Cowen lifted their price target on shares of Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. UBS Group boosted their price target on shares of Pinterest from $50.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Stifel Nicolaus increased their price objective on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Barclays lifted their target price on Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and a consensus price target of $42.67.

Pinterest Trading Down 1.1%

PINS stock opened at $32.83 on Thursday. The stock has a 50-day moving average price of $34.39 and a two-hundred day moving average price of $33.61. Pinterest has a 1 year low of $23.68 and a 1 year high of $40.90. The stock has a market cap of $22.32 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.44 and a beta of 0.81.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company had revenue of $665.93 million during the quarter.

Insiders Place Their Bets

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the business's stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total transaction of $795,311.85. Following the transaction, the chief financial officer directly owned 312,422 shares of the company's stock, valued at approximately $10,887,906.70. The trade was a 6.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total value of $3,558,613.38. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 640,236 shares of company stock valued at $22,878,326. 7.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC acquired a new stake in shares of Pinterest during the fourth quarter worth $252,000. GAMMA Investing LLC raised its stake in Pinterest by 107.3% in the 1st quarter. GAMMA Investing LLC now owns 2,216 shares of the company's stock worth $69,000 after purchasing an additional 1,147 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Pinterest by 11.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,240 shares of the company's stock worth $317,000 after purchasing an additional 1,051 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Pinterest by 665.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after purchasing an additional 1,058 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Pinterest during the 1st quarter worth approximately $235,000. 88.81% of the stock is owned by institutional investors and hedge funds.

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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