What is Wedbush's Estimate for Pinterest FY2026 Earnings?

Pinterest, Inc. (NYSE:PINS - Free Report) - Equities research analysts at Wedbush decreased their FY2026 earnings per share (EPS) estimates for shares of Pinterest in a note issued to investors on Monday, June 2nd. Wedbush analyst S. Devitt now expects that the company will earn $0.98 per share for the year, down from their previous forecast of $1.02. Wedbush has a "Outperform" rating and a $40.00 price objective on the stock. The consensus estimate for Pinterest's current full-year earnings is $0.60 per share.

Several other brokerages have also weighed in on PINS. Bank of America decreased their target price on shares of Pinterest from $46.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Rosenblatt Securities lifted their price objective on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a report on Friday, February 7th. TD Cowen dropped their target price on Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Benchmark cut their target price on Pinterest from $55.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Morgan Stanley upped their price target on Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and an average target price of $40.42.

Pinterest Stock Up 1.2%

PINS traded up $0.42 during trading on Thursday, reaching $34.18. 8,105,663 shares of the company's stock were exchanged, compared to its average volume of 10,894,674. Pinterest has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The company has a market capitalization of $23.18 billion, a P/E ratio of 12.71, a PEG ratio of 1.95 and a beta of 0.83. The business has a 50 day moving average price of $28.67 and a 200 day moving average price of $31.31.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The firm had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. First Hawaiian Bank increased its holdings in Pinterest by 180.3% in the first quarter. First Hawaiian Bank now owns 22,226 shares of the company's stock valued at $689,000 after purchasing an additional 14,296 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in shares of Pinterest during the 1st quarter worth about $60,000. Strs Ohio acquired a new position in shares of Pinterest during the 1st quarter worth about $15,035,000. Geneos Wealth Management Inc. increased its stake in shares of Pinterest by 139.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,400 shares of the company's stock valued at $105,000 after acquiring an additional 1,980 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of Pinterest by 4.6% in the 1st quarter. IFM Investors Pty Ltd now owns 115,323 shares of the company's stock valued at $3,575,000 after acquiring an additional 5,072 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling

In related news, CAO Andrea Acosta sold 3,759 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $31.86, for a total transaction of $119,761.74. Following the completion of the sale, the chief accounting officer now directly owns 171,373 shares of the company's stock, valued at $5,459,943.78. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now directly owns 254,211 shares of the company's stock, valued at $8,350,831.35. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,075,437 shares of company stock worth $35,044,674 in the last quarter. Insiders own 7.06% of the company's stock.

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.