Pinterest (NYSE:PINS) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Pinterest from a "hold" rating to a "buy" rating, reflecting increased optimism about the company's potential.
• Multiple brokerages, including Guggenheim and UBS Group, have also maintained or increased their positive ratings on Pinterest, with a consensus target price set at $42.40.
• Pinterest reported $0.33 earnings per share for the last quarter, slightly missing estimates, but showed strong revenue growth of 16.9% year-over-year.

Pinterest (NYSE:PINS - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the stock. Piper Sandler set a $40.00 price objective on shares of Pinterest in a report on Friday, August 8th. Guggenheim reaffirmed a "buy" rating on shares of Pinterest in a research report on Monday, July 28th. BMO Capital Markets reduced their price target on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Cowen reissued a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Finally, Susquehanna reissued a "positive" rating and set a $42.00 price target on shares of Pinterest in a research report on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest Trading Up 0.6%

NYSE PINS traded up $0.22 on Friday, hitting $36.95. 2,643,229 shares of the company's stock traded hands, compared to its average volume of 11,547,364. Pinterest has a 1-year low of $23.68 and a 1-year high of $40.90. The firm's 50-day moving average price is $36.55 and its two-hundred day moving average price is $33.19. The firm has a market capitalization of $25.12 billion, a PE ratio of 13.25, a P/E/G ratio of 1.47 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business's revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Pinterest will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other Pinterest news, CTO Matthew Madrigal sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $38.58, for a total transaction of $771,600.00. Following the sale, the chief technology officer owned 428,823 shares of the company's stock, valued at approximately $16,543,991.34. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total transaction of $40,250.00. Following the sale, the director directly owned 30,600 shares in the company, valued at approximately $1,071,000. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 992,196 shares of company stock worth $35,442,008 in the last ninety days. 7.11% of the stock is owned by insiders.

Institutional Trading of Pinterest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Pinterest by 2.2% during the first quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock worth $1,798,270,000 after purchasing an additional 1,263,863 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Pinterest by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock worth $988,662,000 after purchasing an additional 6,460,143 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Pinterest by 15.0% during the second quarter. Ameriprise Financial Inc. now owns 17,818,418 shares of the company's stock worth $638,969,000 after purchasing an additional 2,319,964 shares in the last quarter. Franklin Resources Inc. raised its holdings in Pinterest by 4.4% during the second quarter. Franklin Resources Inc. now owns 16,862,033 shares of the company's stock worth $604,673,000 after purchasing an additional 718,105 shares in the last quarter. Finally, Amundi raised its holdings in Pinterest by 618.9% during the first quarter. Amundi now owns 14,254,741 shares of the company's stock worth $441,897,000 after purchasing an additional 12,271,958 shares in the last quarter. 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.